. We show that firms were able to respond to the Great Recession with substantial real wage cuts and by recruiting more …

ascertain the contributions of worker, firm, match, and job-title heterogeneity to the union wage gap. Of these the most …

We document substantial cross-sectional heterogeneity of German establishments’ real wage cyclicality over the business … wages. We estimate a negative connection between establishments’ wage cyclicality and their employment cyclicality, thereby …

We analyse the implications of habit formation relating to wages in a multi-period efficiency-wage model. If employees …. Greater intensity does not necessarily have the same consequences, because wage adjustments counteract the initial level … impact. The firm’s response additionally depends on the wage-dependency of dismissal costs since such costs make an …

can commit to wage contracts but cannot commit not to replace incumbent workers. Workers are risk averse, so that there …

worker and firm heterogeneity. I find that minimum wages up to 70% of the median wage significantly increase productivity … the minimum wage cuts deep into the wage distribution. I show that gradually implementing a high minimum wage is necessary …

This paper explores the relationship between the duration of a vacancy and the starting wage of a new job, using … workers eventually filling the vacancies. We find that vacancy durations are negatively correlated with the starting wage and … that this negative association is particularly strong with the establishment component of the starting wage. We also …

transitions between labor status or jobs, whereas for those at the top, earnings changes are mainly induced by wage rate growth …