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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
Over the past 20 years, there has been a dramatic increase in the share of executive compensation paid through stock options. In this paper, we examine the extent to which tax policy has influenced the composition of executive compensation, and discuss the implications of rising stock-based pay...
Persistent link: https://www.econbiz.de/10012471173
are as follows. First, holding constant individual characteristics, average weekly wages are 11 percent lower in nonprofit …
Persistent link: https://www.econbiz.de/10012471213
higher marginal rate of substitution of current wages for future wages. Incidentally, a survey of several hundred …
Persistent link: https://www.econbiz.de/10012471233
relationship between workplace innovations and establishment productivity and wages. We match plant level practices with plant … establishments. When we examine the determinants of wages within these establishments, we find that re-engineering a workplace to … incorporate more high performance practices leads to higher wages. However, increasing the usage of profit sharing or stock …
Persistent link: https://www.econbiz.de/10012471297
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 …
Persistent link: https://www.econbiz.de/10012471329