How Wages Change: Micro Evidence from the International Wage Flexibility Project

Nominal Wages . the Nairu and Wage Flexibility

Structural change and wage inequality: Evidence from German micro data

This paper measures the impact of sectoral composition, international trade and technological progress on the rising wage gap in Germany. I find a positive effect of the increasing importance of services on the rising wage gap in Germany that is comparable to the effects of international trade and technological change. To quantify the causal relationship between the structural change of the Ger...

Nominal Wage Flexibility and Institutions: Preliminary Micro-evidence from the Europanel

This paper analyses wage dynamics at individual level using the European Community Household Panel data. We compare yearly wage changes of full-time employees staying in the same ...rm for twelve European countries during the 1994-96 time-period. For all the European countries we ...nd evidence of nominal wage rigidity. The percentage of employees receiving no wage changes is di¤erent across co...

International Capital Movements and Relative Wages: Evidence from U.S. Manufacturing Industries

In this paper, we use a multi-sector specific factors model with international capital mobility to examine the effects of globalization on the skill premium in U.S. manufacturing industries. This model allows us to identify two channels through which globalization affects relative wages: effects of international capital flows transmitted through changes in interest rates, and effects of international...

Wage Flexibility and Employment Fluctuations: Evidence from the Housing Sector

Wage Flexibility and Employment Fluctuations: Evidence from the Housing Sector* Many economists suspect that downward nominal wage rigidities in ongoing labor contracts are an important source of employment fluctuations over the business cycle but there is little direct empirical evidence on this conjecture. This paper compares three occupations in the housing sector with very different wage se...