, for the tax treatment of wages under the corporate income tax, and for variations in the user cost of training. They … than do the published series. They also provide a different view of the recent path of wage inflation in the United States …, suggesting that nominal wage growth has been more responsive to variations in the rate of price inflation than the published …

This study transforms the October Inquiry' Survey of wages conducted by the International Labour Organization into a … while rising markedly in countries moving from communism to free markets and in lower middle income countries. 2. Wages in …

-accident compensation onto some workers in the form of reductions in wages. The size of the wage offsets, however, were smaller for union …

case of high wages imposed on s firm by unions from that in which the firm might be choosing its wage level in order to …. The results show generally positive effects of firm wages on employee experience and tenure as well as on subjective … productivity scores. The firm's wages generally have negative effects on job vacancy rates and positive effects on the perceived …

to the conventional view that labor costs are procyclical. Using BLS establishment-job data, we find that even real wages …, the main focus of prior literature, have become countercyclical. Benefit expenditures are less rigid than nominal wages …

wages and prices to past inflation fails along several of these dimensions …) a persistent and hump-shaped response of inflation to a monetary policy shock, (ii) a large and persistent response of … shock, (v) non-inertial responses of inflation to non-monetary shocks, and (vi) a negative unconditional autocorrelation of …

inflation is inertial. Microeconomic data indicate that firms change prices frequently. We formulate and estimate a model which … resolves this apparent micro - macro conflict. Our model is consistent with post-war U.S. evidence on inflation inertia even … though firms re-optimize prices on average once every 1.5 quarters. The key feature of our model is that capital is firm …

linking interest rates to forecasts of future inflation. Such rules have been found to give rise to aggregate fluctuations due … interest-rate rules whereby the central bank responds to a measure of past inflation. The consensus view that has emerged is … inflation are likely to ensure global stability provided that the coefficient on lagged interest rates is greater than unity …