In this paper we investigate the cyclicality of real wages. The approach we take is to search for the largest possible … that the comovement of real wages can be related to a common factor that exhibits a significant but far from perfect … in the sample and (iii) roughly half of the wages move procyclically while half move countercyclically. These facts are …

the time of hiring and the impact of labor market conditions at the time of hiring on future wages. The price of labor and … based on the behavior of individual wages and turnover. I find that a one percentage point increase in unemployment … individual wages and also noticeably higher than the cyclicality of the wages of newly hired workers. I conclude that the price …

movers, and between-company job movers. Wages of internal movers, they find, were slightly more procyclical, and wages of … external movers considerably more procyclical, than those of stayers. The greater cyclicality of movers' wages is particularly … comprised about 90% of all observations in this large sample of British workers, the procyclicality of their wages was the …

that the wages of internal movers are slightly more procyclical and wages of external movers considerably more procyclical … the procyclicality of wages for job stayers, with across- and within-firm mobility playing a lesser role. Thus, there is … little evidence for rigid wage models that imply that employers use changes in job titles as a means of adjusting wages to …