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There is considerable debate about the role of wage rigidity in explaining unemployment. Despite a large body of empirical work, no consensus has emerged on the extent of wage rigidity. Previous attempts to empirically examine wage rigidity have been hampered by small samples and measurement...
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We describe trends in wages and labor force participation for the "working class" - whom we define as workers with high … growing inequality and stagnant wages for the less-educated; and we also find that labor force participation continued to …
Persistent link: https://www.econbiz.de/10012485157
We describe trends in wages and labor force participation for the "working class" - whom we define as workers with high … growing inequality and stagnant wages for the less-educated; and we also find that labor force participation continued to …
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