This paper reexamines wage and price dynamics in response to permanent shocks to productivity. We estimate a micro …-founded dynamic general equilibrium (DGE) model of the U.S. economy with sticky wages and sticky prices using impulse responses to … for significant inertia in wages and some intrinsic inertia in nominal wage inflation. Our results provide support for the …

This paper reexamines wage and price dynamics in response to permanent shocks to productivity. We estimate a micro …-founded dynamic general equilibrium (DGE) model of the U.S. economy with sticky wages and sticky prices using impulse responses to … for significant inertia in wages and some intrinsic inertia in nominal wage inflation. Our results provide support for the …

distribution of wages in the United States. Analysis of data from the periodic CPS computer use supplements over the years 1984 …-2003 reveals that the positive association between workplace computer use and wages declines at higher skill levels, with the … sample frame, however, the net association between rising computer use and the distribution of wages was quite limited. For …

in the growth rate of real wages over time. We employ a novel decomposition technique that allows us to divide the time … procyclicality is largely offset by the change in the composition of the workforce, leading aggregate real wages to be almost …