values, the elasticities of wages, prices, taxes, and government transfers with respect to national labor supplies, as well …

We answer the question posed by the title by specifying and estimating a simple dynamic model of prices, wages, and … product-market and labor-market shocks on prices and nominal wages and to quantify the sources of U.S. pandemic-era inflation …, most of the inflation surge that began in 2021 was the result of shocks to prices given wages. These shocks included sharp …

correlations between labor market tightness and wages weakened noticeably. This change was accompanied in a break in the … relationship between wages and prices, so wage inflation has become a much less important determinant of price inflation …

We survey the recent empirical literature on the effects of offshoring on wages, employment and displacement. We start …

attributed to service-sector wages, consistent with a dominant role of the retail distribution margin. Second, at the level of … individual goods and services, the average contribution of service-sector wages is significantly reduced, one-third as large (31 … consistent with the notion that baby-sitting services and haircuts embody local wages to a far greater extent than highly traded …