cycle. While wages of the median establishment are moderately procyclical, 36 percent of establishments have countercyclical … wages. We estimate a negative connection between establishments' wage cyclicality and their employment cyclicality, thereby …

cycle. While wages of the median establishment are moderately procyclical, 36 percent of establishments have countercyclical … wages. We estimate a negative connection between establishments' wage cyclicality and their employment cyclicality, thereby …

relationship between employment cyclicality and wage cyclicality at the establishment level. We use this micro-estimate as a …

cycle. While wages of the median establishment are moderately procyclical, 36 percent of establishments have countercyclical … wages. We estimate a negative connection between establishments’ wage cyclicality and their employment cyclicality, thereby …

vs. sticky wages, interactions at the firm level between price and wage-setting, alternative forms of hiring frictions … little real rigidity and, so, too volatile inflation, owing to strong responses of marginal wages and hours per employee … the responses of wages, inflation and employment …

relationship between employment cyclicality and wage cyclicality at the establishment level. We use this micro-estimate as a …