“Wages in a time of adjustment and restructuring”

Tuesday 13 th December

08:30 – 09:00	Registration/coffee
	Session ONE: Features of wage setting Chairperson: Josef Zweimüller (University of Zurich and Centre for Economic Policy Research)
9:00 – 9:50	Non-uniform wage-staggering: European evidence and monetary policy implications Stephen Millard* (Bank of England) Michel Juillard (Banque de France) Hervé Le Bihan (Banque de France) download Discussant: Silvana Tenreyro (London School of Economics)
9:50 – 10:40	Wage rigidity in aggregate labor market data: E.U. vs U.S. Michael Krause* (Deutsche Bundesbank) Istvan Konya (Magyar Nemzeti Bank and Central European University) download Discussant: Marcel Jansen (Universidad Autónoma de Madrid)
10:40 – 11:00	Coffee Break
11:00 – 11:50	Firm performance and wages: Evidence from across the corporate hierarchy Brian Bell* (Centre for Economic Performance, London School of Economics) John Van Reenen (Centre for Economic Performance, London School of Economics) download Discussant: Oskar Nordström Skans (IFAU The Institute for Labour Market Policy Evaluation)
11:50 – 12:40	Credit within the firm Fabiano Schivardi* (University of Cagliari) Luigi Guiso (European University Institute) Luigi Pistaferro (Stanford University) download [1.33 MB] Discussant: Erling Barth (ISF - Institute for Social Research, Oslo)
12:40 – 13:40	Lunch
	Session ONE: Features of wage setting (cont)
13:40 – 14:30	Some evidence on the importance of sticky wages Alessandro Barattieri* (ESG-UQAM Université du Québec à Montréal) Susanto Basu (Boston College) Peter Gottschalk (Boston College) download Discussant: Chris Reicher, (IfW)
	Session TWO: Institutions and wage setting Chairperson: Mewael Tesfaselassie (Kiel Institute for the World Economy)
14:30 – 15:20	Collective bargaining, firm heterogeneity and unemployment Carlos Thomas* (Bank of Spain) Juan F. Jimeno (Bank of Spain) download Discussant: Christian Haefke (Institute for Advanced Studies, Vienna)
15:20 – 15:40	Coffee Break
15:40 – 16:30	How wages respond to shocks: asymmetry in the speed of adjustment Tairi Rõõm* (Bank of Estonia) Aurelijus Dabušinskas (Bank of Estonia) download Discussant: Thomas Beissinger (Universitat Hohenheim)
16:30 – 17:20	On wage formation, wage flexibility and wage coordination. A focus on the wage impact of productivity in Germany, Greece, Ireland, Portugal, Spain and the United States Marga Peeters* (Netherlands Institute for Advanced Study of the Royal Netherlands Academy of Arts and Sciences) Ard den Reijer (Riksbank) download [1.24 MB] Discussant: Philip Vermeulen (European Central Bank)
19:30	Dinner
	* Presenting author Speakers have 30 minutes to present, 10 minutes for the discussant and 10 minutes for general discussion

Wednesday 14th December

	Session THREE: Dispersion of earnings Chairperson: Ana Lamo (European Central Bank)
9:00 – 9:50	The distribution of employees’ labour earnings in the European union: data, concepts and first results Alfonso Rosolia* (Banca d’Italia) Andrea Brandolini (Banca d’Italia) Roberto Torrini (Banca d’Italia) download Discussant: Hermann Gartner (Institute for Employment Research, Nuremberg)
9:50 – 10:40	Exploring the causes of frictional wage dispersion Felix Wellschmied* (Bonn Graduate School of Economics) Volker Tjaden (Bonn Graduate School of Economics) download Discussant: Marcus Hagedorn (University of Cologne)
10.40 - 11.00	Coffee Break
	Session FOUR: Wages and industrial restructuring Chairperson: Günter Coenen (European Central Bank)
11:00 – 12:00	Invited Lecture: "Mismatch in the US labor market" Gianluca Violante (New York University)
12:00 – 12:50	Structural unemployment Thijs van Rens* (Centre de Recerca en Economia Internacional and Universitat Pompeu Fabra) Benedikt Herz (Universitat Pompeu Fabra) download Discussant: Winfried Koeniger (Queen Mary College, University of London)
12:50 – 13:50	Lunch
	Session FOUR: Wages and industrial restructuring (cont) Chairperson: Julian Morgan (European Central Bank)
13:50 – 14:40	Short-time work and the macroeconomy Almut Balleer* (Institute for International Economic Studies, Stockholm University) Britta Gehrke (Friedrich-Alexander University Erlangen-Nuremberg) Wolfgang Lechthaler (Kiel Institute for the World Economy) Christian Merkl (Friedrich-Alexander University Erlangen-Nuremberg and Kiel Institute for the World Economy) Discussant: Kai Christoffel (European Central Bank)
14.40 - 15.45	Panel Discussion Samuel Bentolila (CEMFI) Karl Pichelmann (European Commission) Frank Smets (European Central Bank)
	* Presenting author Speakers have 30 minutes to present, 10 minutes for the discussant and 10 minutes for general discussion

Organisers:
Winfried Koeniger (Queen Mary, University of London and Centre for Economic Policy Research)
Ana Lamo (European Central Bank)
Christian Merkl (Kiel Institute for the World Economy)
Julian Morgan (European Central Bank)
Mewael Tesfaselassie (Kiel Institute for the World Economy)
Josef Zweimüller (University of Zurich and Centre for Economic Policy Research)

Deadline for paper submissions: 22 September 2011

Following last year’s 7th joint ECB/CEPR Labour Market Workshop on "Unemployment Developments after the Crisis", we are pleased to announce that this year’s event will address "The role of wages in macroeconomic and structural adjustment" and will be held on 13-14 December 2011. We are also delighted to welcome the Kiel Institute for the World Economy (IfW) as co-sponsors of this year’s event. Suitable research topics for paper submissions include the following:

• The structure of wages, in particular differentials across countries, regions, sectors, skill, gender and age and the impact of recent economic shocks on such differentials
• More generally, issues relating to the dispersion of earnings and income.
• The role of emerging competition and industrial restructuring, unit labour costs and competitiveness
• Institutions and wage formation mechanisms and their role in facilitating adjustment. Evidence of changes in institutions or behaviour following the crisis.

We welcome submissions that apply theoretical or empirical tools to analyse and project developments in the labour market.

We invite researchers wishing to submit their original contributions for presentation at this workshop to apply online and indicate whether or not you wish to present a paper. The deadline for replies is 18:00 GMT on Thursday 22nd September 2011.

You may also like to read Guidelines on how to register online for CEPR Meetings.

If you have any difficulties registering for this meeting, please contact Rachel Aveyard, Meetings Assistant, at raveyard@cepr.org or +44 (0)207 183 8817.

Presenters and discussants will be reimbursed for travel and accommodation in accordance with standard ECB guidelines.

Scientific Committee:
Winfried Koeniger(Queen Mary, University of London and CEPR)
Ana Lamo (European Central Bank)
Christian Merkl (IfW-Kiel)
Julian Morgan (European Central Bank)
Mewael Tesfaselassie (IfW-Kiel)
Josef Zweimüller (University of Zurich and CEPR)