This paper studies the dynamic behavior of changes in productivity, wages, and prices. Results are based on a new data …. Europe has neither greater nominal wage flexibility nor more rigid real wages than the U. S. Evidence that the U. S. exhibits … bonus of extra output as a result of a uniquely vertical European aggregate supply curve. The analysis of real wages also …

a wage equation. I reach the following two main conclusions: Nominal wages adjust faster to prices than prices do to … nominal wages. This may be taken as evidence that price inertia is more important empirically than nominal wage inertia. The …

reexamine the effects of trade unions both on relative wages and on relative man hours worked.Our estimates of the relative wage …

sensitivity of employment to the domestic price of imports varies significantly across these nine sectors, whereas industry wages … of unemployment and wages so generated and the actual, historical paths are attributed to the effects of import … in wages in two industries, among the nine studied …

Economic growth in Europe and Asia and Latin America could have contri- buted in many different ways to lower wages and … price reductions twist the labor demand curve, dictating lower real wages for unskilled workers who reside in communities … with abundant unskilled labor but raising the wages for unskilled workers who are fortunate to live in communities …

paid at least the wages and benefits that are "prevailing" for similar work in or near the locality in which the project is … located, have been the focus of an extensive policy debate. We find that the relative wages of construction workers decline …

of monopsony. We use an exogenous change in wages at Veterans Affairs hospitals as a natural experiment to investigate … responded to the VA wage change by changing their own wages …

puzzle of increasing real wages during a period of high unemployment …