Messina, Julián; Strozzi, Chiara; Turunen, Jarkko - Institut zur Zukunft der Arbeit <Bonn> - 2008
theadjustment of both quantities and prices in the labour market... … market.
JEL Classification: E32, J30, C10
Keywords: real wages, business cycle, dynamic correlation, labour market …
diversity, differences in real wage cyclicality across countries are more likely to reflect differences in
the labour market …