present labor market conditions. Furthermore, we revisit recent findings of greater wage cyclicality of new hires. Overall, we … cyclical than those of existing workers. We argue that much of the excess wage cyclicality of new hires discussed by the …

) and an on-the-job search model (Hagedorn and Manovskii, 2013) for the wage formation of different worker types over the …), we find that previous evidence for the excess wage cyclicality of job changers can be entirely explained by cyclical …-employee matches, we also find no excess wage cyclicality for new hires from unemployment - the key worker type's wage for …

analysis is undertaken for the 1977 to 2009 period using administrative longitudinal matched employer-employee wage data. I … firm-jobs by about 1.27 percent. In light of the magnitude of the entry-wage cyclicality it seems that introducing wage … unemployment. -- real wage cyclicality ; entry wages ; search and matching model …

Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment … (with rather stable wage inequality) have led to a popular view in the economics profession that these two phenomena are …

Theoretical models of downward real wage rigidity generate asymmetric wage cyclicality with real wages being rigid in … generate the asymmetric wage cyclicality found in the panel data. The model also can match most of the properties of wages and …

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 …

ways. First, we examine the correlation between training and mobility. In a second step, we consider wage effects of …