through their various impacts on changes in production prices and wages. In a first stage, the estimation of a regression … average of industrial prices from other industries, and by indicators of country wages weighted by industry labour shares for …

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 …

nominal wages. This may be taken as evidence that price inertia is more important empirically than nominal wage inertia. The … paper is somewhat different from the traditional approach to the estimation of price and wage equations. Its spirit is to …In this paper, I investigate US post war price, wage and employment dynamics by identifying and estimating a price and …

its slope coefficient in recent years, as well as a shrinking role of lagged price inflation in the determination of wage … inflation. We provide estimates of a conditional wage Phillips curve, based on a structural decomposition of wage, price and …

the model using likelihood methods. The estimation results show that the model accounts remarkably well for the evolution …

-born increased between 1970 and 1990, experienced a significant increase in their wage and in the rental price of their housing. Such …

job training on wage rates across firms with a weighted-average of the contrast in wages between different firms for a … fixed level of training. Thus, Lee bounds set identifies a policy-relevant estimand only when firms pay homogeneous wages … training on wage rates at each firm which leverage information on firm-specific wages. We illustrate our partial identification …

three independent components: idiosyncratic relative-price changes, a low-dimensional index of aggregate relative-price … the model on U.S. data since 1959, and it presents a simple structural model that relates the three components of price … changes to fundamental economic shocks. We use the estimates of the pure inflation and aggregate relative-price components to …