"This article, which serves as the introduction to the special issue focusing on 'wages and employment', deals with the key developments of the past 25 years in this area of research. First, the latest insights and findings of macro- and microeconomic theory as well as of empirical knowledge on...

This study provides empirical evidence for the economic rationality of wage rigidities. Theoretically wage rigidities can result from contracts, implicit contracts, from efficiency wages and from insider-outsider behaviour. Based on a survey of 801 firms strong support has been found for...

This study provides empirical evidence for the economic rationality of wage rigidities. Theoretically wage rigidities can result from contracts, implicit contracts, from efficiency wages and from insider-outsider behaviour. Based on a survey of 801 firms strong support has been found for...

"This article, which serves as the introduction to the special issue focusing on 'wages and employment', deals with the key developments of the past 25 years in this area of research. First, the latest insights and findings of macro- and microeconomic theory as well as of empirical knowledge on...

This study provides empirical evidence for the economic rationality of wage rigidities. Theoretically wage rigidities can result from contracts, implicit contracts, from efficiency wages and from insider-outsider behaviour. Based on a survey of 801 firms strong support has been found for...