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's assumption that wage bargainers are influenced by relative money wages rather than relative real wages. In Taylor's model money … that wage bargainers are influenced by relative real wages, which we consider somewhat more plausible, has some interesting …
Persistent link: https://www.econbiz.de/10012478589
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 …
Persistent link: https://www.econbiz.de/10012481526
exerts significant downward pressure on nominal wages. Finally, we consider the monetary policy implications of the …
Persistent link: https://www.econbiz.de/10012457572
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 …
Persistent link: https://www.econbiz.de/10014322804
wages for over five million workers in sixteen Latin American economies, the authors estimate national and industry … wages and the demand for skills"--National Bureau of Economic Research web site …
Persistent link: https://www.econbiz.de/10011394540
an increasing share of available income, while low-skilled workers have seen an absolute decline in real wages. How and … escalation of high-skill wages. This collection brings together innovative new ideas and data sources in order to provide more … on U.S. wages. This timely volume offers a thorough appraisal of the wage distribution predicament, examining the …
Persistent link: https://www.econbiz.de/10001433753
1990-91. This paper exploits these trade reforms to investigate the relationship between protection and wages. The focus of … the analysis is on relative wages, defined as industry wage premiums relative to the economy-wide average wage. Using the … between protection and wages; workers in protected sectors earn less than workers with similar observable characteristics in …
Persistent link: https://www.econbiz.de/10012470141
In this paper, we analyze the relationship between how long an employer has been in business (firm age) and wages … have been in business longer pay higher wages (as previous studies have found), but pay if anything lower wages after … controlling for worker characteristics. There is some evidence that the relationship is not monotonic, with wages falling and then …
Persistent link: https://www.econbiz.de/10012470166
. They also earn relatively low wages in their first few months of work: typically within $1 of the minimum wage. Despite …
Persistent link: https://www.econbiz.de/10012470275
the cross section. In our model, investors' income has two sources, wages and dividends, that grow stochastically over … time. As a consequence, the fraction of total income produced by wages changes over time de-pending on economic conditions …
Persistent link: https://www.econbiz.de/10012470415