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Pencavel, John H. - 2011

Real wage index numbers have been used to measure movements in the standard of living of the typical worker. This paper describes some of these indicators for the United States and England. A new real wage index is proposed that resembles the sliding scale used to adjust wages in certain...

Persistent link: https://www.econbiz.de/10010276278

Cyclicality of real wages in the USA and Germany: New insights from wavelet analysis

Marczak, Martyna; Gómez, Víctor - 2012

This article provides new insights into the cyclical behavior of consumer and producer real wages in the USA and … cyclical patterns over time. From the findings of our study, we can infer that the USA and Germany differ with respect to the … lead-lag relationship of real wages and the business cycle. In the USA, both real wages are leading the business cycle in …

Persistent link: https://www.econbiz.de/10010309235

Money demand and macroeconomic uncertainty

Lemke, Wolfgang; Greiber, Claus - 2005

In this study we construct a measure of macroeconomic uncertainty from several observable economic indicators for the euro area. Indicator variables are based on financial market data, such as medium-term returns, loss and volatility measures but also come from surveys that capture business and...

Persistent link: https://www.econbiz.de/10010295771

Money and housing: evidence for the euro area and the US

Greiber, Claus; Setzer, Ralph - 2007

This paper examines the relation between money and housing variables in the euro area and in the US. Our empirical model is based on a standard money demand relation which is augmented by housing market variables. In doing so, co-integrated money demand relationships can be established for both...

Persistent link: https://www.econbiz.de/10010295851

Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data

Bagnall, John; Bounie, David; Huynh, Kim P.; Kosse, Anneke - 2014

We measure consumers' use of cash by harmonizing payment diary surveys from seven countries. The seven diary surveys were conducted in 2009 (Canada), 2010 (Australia), 2011 (Austria, France, Germany and the Netherlands), and 2012 (the United States). Our paper finds cross-country differences –...

Persistent link: https://www.econbiz.de/10013370109

Trade and wages in Australia

Lattimore, Ralph - 2002

The trade and wages debate worldwide, over the last decade has focused attention on the possible relationships between trade liberalisation and the factor distribution of income. In Australia real wages in manufacturing have remained about the same since 1977 while real GDP has doubled. At the...

Persistent link: https://www.econbiz.de/10010289065

Real wages and the business cycle in Germany

Marczak, Martyna; Beissinger, Thomas - 2010

This paper establishes stylized facts about the cyclicality of real consumer wages and real producer wages in Germany. As detrending methods we apply the deterministic trend model, the Beveridge-Nelson decomposition, the Hodrick-Prescott filter, the Baxter-King filter and the structural time...

Persistent link: https://www.econbiz.de/10010302616

Real wages and local unemployment in the euro area

Sanz de Galdeano, Anna; Turunen, Jarkko - 2005

We present empirical evidence of the extent of wage rigidity in the euro area and European countries derived from longitudinal data on individuals. Wage rigidity is measured by the elasticity of individual real wages with respect to local unemployment. The results suggest that the elasticity is...

Persistent link: https://www.econbiz.de/10011604517

Real wages over the business cycle: OECD evidence from the time and frequency domains

Messina, Julián; Strozzi, Chiara; Turunen, Jarkko - 2009

We study differences in the adjustment of aggregate real wages in the manufacturing sector over the business cycle across OECD countries, combining results from different data and dynamic methods. Summary measures of cyclicality show genuine cross-country heterogeneity even after controlling for...

Persistent link: https://www.econbiz.de/10011605049

The Impact of the Unemployment Benefit System on International Spillover Effects

Beissinger, Thomas; Büsse, Oliver - 2003

Based on a two-country model it is scrutinized how the structure of the unemployment benefit system affects the consequences of idiosyncratic labor market shocks on real wages and unemployment in other countries. International spillover effects are caused by changes in world real income. The...

Persistent link: https://www.econbiz.de/10010262240

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