Using administrative payroll data from the largest US payroll processing company, we
measure the extent of nominal wage rigidity in the United States. The data allow us to define …

Background. The reports and information on coronavirus are not conspicuously
emphasising the possible impact of population density on the explanation of difference in …

Addressing the poverty and distributional impacts of carbon pricing reforms is critical for the
success of ambitious actions in the fight against climate change—from both the political …

Downward wage rigidity is central to many explanations of unemployment fluctuations. In
benchmark models, the wage for new hires is key, but there is limited evidence of downward …

We show that limited wage flexibility in economic downturns generates strong and state-
dependent amplification of uncertainty shocks. It also explains the cyclical behaviour of …

Rigidity in wages has long been thought to impede the functioning of labor markets. One
recent strand of the research on wage flexibility in the United States and elsewhere has …

ABSTRACT I propose a financial channel of wage rigidity. In recessions, rather than
propping up marginal (new hires') costs of labor, rigid average wages squeeze cash flows …

We present a test of Coasean theories of efficient separations. We study a cohort of jobs
from the introduction through the repeal of a large age-and region-specific unemployment …

We use matched employer-employee data from Sweden to study the role of the firm in
affecting the stochastic properties of wages. Our model accounts for endogenous …

For more than 80 years, many macroeconomic analyses have been premised on the
assumption that workers' nominal wage rates cannot be cut. The US evidence on this …