Recent research seeking to explain the strong cyclicality of US unemployment emphasizes
the role of wage rigidity. This paper proposes a micro-founded model of wage rigidity—an …

Rigidity in real hiring wages plays a crucial role in some recent macroeconomic models. But
are hiring wages really so noncyclical? We propose using employer/employee longitudinal …

This paper examines how mandated maternity leave policies impact the gender gap in
promotions. I present a model of the gender gap in promotions where firms must choose …

Previous literature has found that tight labor market conditions during a job raise wages.
Using the Displaced Worker Survey from 1984 to 2006, we show that wage gains associated …

This paper examines how mandated maternity leave policies impact the gender gap in
promotions. I present a model of the gender gap in promotions where firms must choose …

In OECD countries, the labor market features a coexistence of open-ended, permanent jobs
subject to strict employment protection and fixed-term, temporary jobs. This paper studies a …

This paper extends the model of risk sharing with limited commitment to feature separation.
Partners face idiosyncratic income and match quality shocks, share risk subject to limited …

Financial crises in emerging markets trigger a significant reallocation of labor as exchange
rate depreciations and interest rate increases cause relative prices to change drastically …

In models recently published by several influential macroeconomic theorists, rigidity in the
real wages that firms pay newly hired workers plays a crucial role in generating realistically …

We examine the wage patterns of Canadian less skilled male workers over the last quarter‐
century by organizing workers into job entry cohorts. We find entry wages for successive …