, under a Nash bargain, the equilibrium wage is linear in a person-specific component, a firm-specific component, and the … posterior mean of beliefs about match quality. Second, the optimal separation policy is of the reservation wage type …) Program at the US Census Bureau. I present both fixed and mixed model specifications of the equilibrium wage function, taking …

either implausibly large productivity shocks (Hall 2003) or an excessively high degree of real wage rigidity even for new …

1990s by economic reforms in general and particularly by: a) financial shocks, b) labor reforms that change non-wage labor …. Increases in non-wage labor costs lead to bigger job destruction and reallocation and to smaller net employment and productivity … employment growths in response to reductions in non-wage labor costs and sectoral tariff hikes. The presence of workers with …

In an attempt to explain male-female wage differential, I estimated the relative marginal productivity and relative … wage of female workers compared to those of male workers using panel data of Japanese firms. The relative wage of female … the marginal productivity of female workers is 44 percent of that of male workers, while female wage is 31 percent of that …

price and wage, habit formation fails to mimic the shape of output growth in the frequency domain: it counterfactually …