Cyclical behavior of real wages in Japan

This paper studies the cyclicality of aggregate real wages in Japan. By using both static and dynamic approaches, I measure comovements between real wages and business cycle indicators. This paper finds that while real wages constructed using the consumer price index and the GDP deflator are procyclical, real wages constructed using the producer price index are countercyclical. This result is robust to the data and methods used to compute the comovements.

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Year of publication:	2015
Authors:	Miyamoto, Hiroaki
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 130.2015, C, p. 56-59
Publisher:	Elsevier
Subject:	Real wages \| Business cycle \| Correlation \| Japanese economy

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Type of publication:	Article
Classification:	E32 - Business Fluctuations; Cycles ; J30 - Wages, Compensation, and Labor Costs. General ; C10 - Econometric and Statistical Methods: General. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011263445