, 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 …

proliferation, the gender wage gap, the gender/happiness paradox and the widespread use of tournaments as a sorting device. …

effects of the tariff wage under the Weimar Republic and the Nazis. The estimated equations suggest that demand shocks …, combined with nominal inertia in the labour market, were important in explaining unemployment. In addition real wage pressures … due to the political processes of wage determination were a major influence on unemployment. Negative demand shocks appear …

. Convergence to this growth path can be generated in two ways: a Blanchard-Katz-type error-correction mechanism in the money-wage … Phillips curve or a modified Taylor rule that is augmented by a term, which transmits increases in the wage share (real unit … labor costs) to increases in the nominal rate of interest. Thus the model is characterized by local instability of the wage …