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to maintain their real wages by reducing labor demand still further. Furthermore, we argue inflationary pressures have …
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exerts significant downward pressure on nominal wages. Finally, we consider the monetary policy implications of the …
Persistent link: https://www.econbiz.de/10013024163
In this paper we examine the impact of rises in inactivity on wages in the US economy and find evidence of a … statistically significant negative effect. These nonparticipants exert additional downward pressure on wages over and above the … wages and find it has no different effect from that of short-term unemployment. Our analysis provides strong empirical …
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exerts significant downward pressure on nominal wages. Finally, we consider the monetary policy implications of the …
Persistent link: https://www.econbiz.de/10012457572
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