Domash, Alex; Summers, Lawrence Henry - National Bureau of Economic Research - 2022
prime-age employment-to-population ratio, suggest that there is still some slack in the labor market, other indicators on …. Using national time series and state cross-section data, we find (i) unemployment is a better predictor of wage inflation … than non-employment and (ii) vacancy rates and quit rates have substantial predictive power for wage inflation. We …