Shin, Donggyun (contributor); Shin, Kwanho (contributor) - 2003 - [Elektronische Ressource]
This paper explains how real wages are procyclical for those who stay with the same employer. On the basis of the Panel Study of Income Dynamics data for the period of 1974-75 to 1990-91, we find that the substantial wage procyclicality among job stayers is mostly accounted for by great wage...
