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We develop a model which shows that wages, prices and real income should grow faster in countries with low increase in … increase in their prices and in German wages. This mechanism is magnified by the low price elasticity of the demand for German …
Persistent link: https://www.econbiz.de/10012255659
This research documents changes in employment and wages in the Netherlands for different types of workers. We compare … 2017 to 2023 using regression-adjusted wages to make sure changes in composition of the workforce do not influence our … estimates. The research period has been characterised by high labour demand, negative supply shocks, high levels of inflation …
Persistent link: https://www.econbiz.de/10014541860
Central bankers are raising interest rates on the assumption that wage-push inflation may lead to stagflation. This is … to maintain their real wages by reducing labor demand still further. Furthermore, we argue inflationary pressures have …
Persistent link: https://www.econbiz.de/10013448558
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Persistent link: https://www.econbiz.de/10014526550
This research documents changes in employment and wages in the Netherlands for different types of workers. We compare … 2017 to 2023 using regression-adjusted wages to make sure changes in composition of the workforce do not influence our … estimates. The research period has been characterised by high labour demand, negative supply shocks, high levels of inflation …
Persistent link: https://www.econbiz.de/10014545239
Persistent link: https://www.econbiz.de/10014526430
Two extraordinary U.S. labor market developments facilitated the sharp disinflation in 2022-23 without raising the unemployment rate. First, pandemic-driven infection worries and social distancing intentions caused a sizable drag on labor force participation that began to reverse in the first...
Persistent link: https://www.econbiz.de/10014550371
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