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The Shift to Remote Work Lessens Wage-Growth Pressures
Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; … - National Bureau of Economic Research - 2022
The recent shift to remote work raised the amenity value of employment. As compensation adjusts to share the amenity-value gains with employers, wage-growth pressures moderate. We find empirical support for this mechanism in the wage-setting behavior of U.S. employers, and we develop novel...
Persistent link: https://www.econbiz.de/10013334415
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An ebbing tide lowers all boats: monetary policy, inflation, and social justice
Altig, David - In: Economic Review (1992) Q II, pp. 14-22
An argument that attempting to alleviate the burden of unemployment on the less affluent through expansionary monetary …
Persistent link: https://www.econbiz.de/10005360793
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Okun's law revisited: should we worry about low unemployment?
Altig, David; Fitzgerald, Terry J.; Rupert, Peter - In: Economic Commentary (1997) May
A review of the connection between labor resource utilization and the growth/unemployment correlation summarized by …
Persistent link: https://www.econbiz.de/10005390481
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In search of the NAIRU
Altig, David; Gomme, Paul - In: Economic Commentary (1998) May
The relationship between the unemployment rate and the nonaccelerating inflation rate of unemployment (NAIRU) is …
Persistent link: https://www.econbiz.de/10005390508