Solon, Gary; Elsby, Michael W.; Shin, Donggyun - National Bureau of Economic Research (NBER) - 2013
Britain, we study wage behavior in both countries, with particular attention to the Great Recession. Real wages are …Using 1979-2011 Current Population Survey data for the United States and 1975-2011 New Earnings Survey data for Great … procyclical in both countries, but the procyclicality of real wages varies across recessions, and does so differently between the …