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Erscheinungsjahr: 
2022
Schriftenreihe/Nr.: 
Danmarks Nationalbank Working Papers No. 187
Verlag: 
Danmarks Nationalbank, Copenhagen
Zusammenfassung: 
I provide new microeconometric estimates of the effect of labor market tightness on wages at the firm level. Using Danish data on vacancies and unemployment at the occupational level and firm data on the occupational composition of employees, I construct firm-specific measures of labor market tightness. Using this measure, I find an elasticity of wages with respect to tightness of 0.01-0.02, which implies an increasing but relatively flat wage-setting curve. The results are in line with the qualitative implications of the canonical search-andmatching model of the labor market.
Schlagwörter: 
Inflation, wages and prices
economic activity and employment
JEL: 
E24
J31
J63
Dokumentart: 
Working Paper
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