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A multi-sectoral approach to the U.S. Great Depression

Amaral, Pedro S.; MacGee, James C. - Federal Reserve Bank of Cleveland - 2009

We document sectoral differences in changes in output, hours worked, prices, and nominal wages in the United States …. One sector is assumed to have flexible nominal wages, while nominal wages in the other sector are set using Taylor …. Alternatively, if wages are set using Calvo-type contracts, the decline in output is even smaller. …

Persistent link: https://www.econbiz.de/10008636217

Job separations, heterogeneity, and earnings inequality

Amaral, Pedro S. - Federal Reserve Bank of Cleveland - 2009

Changes in the fraction of workers experiencing job separations can account for most of the increase in earnings dispersion that occurred both between, as well as within educational groups in the United States from the mid-1970s to the mid- 1980s. This is not true of changes in average earnings...

Persistent link: https://www.econbiz.de/10008636222

HRM policy and increasing inequality in a salary survey

Groshen, Erica L. - Federal Reserve Bank of Cleveland - 1993

A look at the implications for human resource management of the rising wage disparity found in a three-decades-long private salary survey conducted by the Federal Reserve Bank of Cleveland.

Persistent link: https://www.econbiz.de/10005428244

Rising inequality in a salary survey: another piece of the puzzle

Groshen, Erica L. - Federal Reserve Bank of Cleveland - 1991

A study of rising wage inequality based on data from a private salary survey conducted over the last three decades.

Persistent link: https://www.econbiz.de/10005729066