Unemployment Rigidities (UR) and those that cause Real Wage Rigidities (RWR). The two types of institutions have opposite effects … shocks under different constellations of the labor market. - Labor Market Search ; Real Wage Rigidity ; Unemployment …

This paper uses information from a rich firm-level survey on wage and price-setting procedures, in around 15,000 firms … hand, and skills (positive) and tenure (negative) on the other. - Wage rigidity ; newly hired workers ; internal pay …

. Using matched employer-employee dataset, I adopted the estimation strategy proposed by Guiso et al. (2005) to evaluate wage … Portuguese datasets. I found that firms do insure workers against product market uncertainties, but the magnitude of the wage … response differs depending on the nature of the shock. Broadly speaking, the wage response to permanent shocks is twice as high …

consider the following modeling setups: right-to-manage bargaining vs. efficient bargaining, wage stickiness in new and … existing matches, interactions at the firm level between price and wage-setting, alternative forms of hiring frictions, search … volatile inflation. Models with wage stickiness and right-to-manage bargaining or with firm-specific labour emerge as the most …

In this paper we present an extension of the Taylor model with staggered wages in which wage-setting is also influenced … inflation and the extent of real wage rigidity but that these effects depend on the definition of reference norms (e.g. how … wages in Austria from 1980 to 2006 we show that wage-setting is strongly influenced by reference norms, that the wages of …

In this paper I study the relation between real wage rigidity (RWR) and nominal price and wage rigidity. I show that in … wage contracts (Calvo vs. Taylor) and about other institutional characteristics of wage-setting (clustering of contracts …, heterogeneous contract length, indexation). I use survey evidence on price- and wage-setting for 15 European countries to calculate …

Heterogeneous-agent New Keynesian models with sticky nominal wages usually assume that wage-setting unions demand the … modification substantially lowers the effective stickiness of nominal wages, resulting in markedly different wage and inflation …