Based largely on industry-level aggregate statistics, the prevailing view, and one that has strongly influenced macroeconomic thought, is that real wages during the cycle containing the Great Depression are either acyclical or countercyclical. Does this finding hold-up when more micro data are...

Im Jahr 1930 veröffentlichte Keynes einen Aufsatz über die Zukunft der Enkel, in dem er die Lösung des ökonomischen Problems und mithin das Ende der bisherigen Menschheitsgeschichte prognostizierte. Diese Prognose und die zahlreichen Implikationen, die Keynes aus ihr herleitete, werden hier...

The discussion about the long-run evolution of labor productivity in Switzerland is flawed because the available data on the input of labor is incoherent and incomplete. It is the aim of this paper to establish a consistent aggregate series of total hours worked covering 1950-2010. The new data...

Based largely on industry-level aggregate statistics, the prevailing view, and one that has strongly influenced macroeconomic thought, is that real wages during the cycle containing the Great Depression are either acyclical or countercyclical. Does this finding hold-up when more micro data are...