Almuzara, Martin; Audoly, Richard; Melcangi, Davide - 2024 - Revised January 2024
of wage inflation from the persistence specific to some subgroup of workers, such as workers in a specific industry. We … find that most of the business cycle fluctuations in wage inflation are persistent and driven by a common factor. This …-pandemic surge in wage inflation. Contrary to standard measures of wage inflation, the persistent component of wage inflation …