This paper introduces innovative, newly developed forward-looking indicators of negotiated wage growth in the euro area … and Greece. The paper demonstrates how agreement-level data can be used to study drivers of aggregate negotiated wage … growth, as well as monitor the breadth of wage increases and account for time-varying factors such as one-off payments, when …

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 …

Despite notable improvements in the labour market since 2013, wage growth in the euro area was subdued and … substantially overpredicted in 2013-17. This paper summarises the findings of an ESCB expert group on the reasons for low wage … growth and provides comparable analyses on wage developments in the euro area as a whole and in individual EU countries. The …

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 …

This paper uses information from a rich firm-level survey on wage and price-setting procedures, in around 15,000 firms …

This paper uses information from a rich firm-level survey on wage and price-setting procedures, in around 15,000 firms …

SILC panels to control for composition effects, we estimate the elasticities of real wage growth to unemployment increases … most of the stagnation or increase in the average wage observed in some countries from 2008 to 2011. In contrast, at a … nominal wage rigidity during the Great recession in most countries in our sample. …

We define the wage incentive to management as the wage premium the manager earns because of his/her supervising role …

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 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 …