Understanding the effects of exchange rate fluctuations across the population is important for increasingly globalized economies. Previous studies using industry aggregate data have found that industry wages are significantly more responsive than industry employment to exchange rate changes. We...

[...]In this article, we examine the wage-puzzle phenomenon ofthe 1990s. Specifically, we explore whether changes in paystructure can account for the behavior of CPH during thedecade. Labor markets have changed considerably over the pasttwenty years: workers today receive a higher portion of...

The effects of exchange rate fluctuations across the population is an important issue for increasingly globalized economies. Previous studies using industry aggregate data have found differences across industries in the labor market implications of exchange rates, reporting that industry wages...