The Dynamics of Wages and Employment

Jonathan S. Leonard () and M. Van Audenrode

Working Papers from Laval - Recherche en Politique Economique

Abstract: In this paper, we demonstrate substantial heterogeneity in wage growth across firms within industry, and across workers within firm in Belgium. This variation does not appear to be consistent with simple measurement error stories, but rather seems to be evidence of a more complex labor market. We also empirically show how different the wage and employment adjustment process looks at different levels of aggregation.

Keywords: LABOUR MARKET; WAGES (search for similar items in EconPapers)
JEL-codes: J20 J23 (search for similar items in EconPapers)
Date: 1998

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Persistent link: http://EconPapers.repec.org/RePEc:fth:lavape:9806

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