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Identifying inflation's grease and sand effects in the labor market
Groshen, Erica L.; Schweitzer, Mark E. - Federal Reserve Bank of New York - 1997
facilitating adjustments to shocks when wages are rigid downwards (grease). This paper investigates whether these two effects can … find some indications that occupational wages in large firms gained flexibility in the past four years. These results …
Persistent link: https://www.econbiz.de/10005526314
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How wages change: micro evidence from the international wage flexibility project
Dickens, William T.; Goette, Lorenz; Groshen, Erica L.; … - Federal Reserve Bank of New York - 2007
Project provides new microeconomic evidence on how wages change for continuing workers. We analyze individuals' earnings in …
Persistent link: https://www.econbiz.de/10005420584
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The effects of inflation on wage adjustments in firm-level data: grease or sand?
Groshen, Erica L.; Schweitzer, Mark E. - Federal Reserve Bank of New York - 1996
This paper studies the effects of inflation on wage changes made by firms in a unique thirty-seven-year panel of occupations and employers drawn from the Federal Reserve Bank of Cleveland Community Salary Survey (CSS). Our analysis first identifies two relative prices embedded in wage changes...
Persistent link: https://www.econbiz.de/10005726580