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This paper descriptively analyzes the nexus between income comparisons and perceptions of unfair pay. A German household survey reveals that individuals who perceive their wages as unfair earn significantly lower wages than fairly paid individuals with similar characteristics. This suggests that...
Persistent link: https://www.econbiz.de/10010322381
:3-2006:2, following the methodology proposed by Gali and Gertler (1999). They claim that a potential source of inflation may be the … of the productivity gains on inflation, which the ad hoc measure output gap misses. We also estimate a hybrid version of …
Persistent link: https://www.econbiz.de/10011495882