facilitating adjustments to shocks when wages are rigid downwards (grease). This paper investigates whether these two effects can … find some indications that occupational wages in large firms gained flexibility in the past four years. These results …

In the financial press, productivity-related wages are often cited as an inflation indicator. For example, recently … analysis of the relationship underlying inflation and wages. The results caution against using wage growth as a signal of …

process in the United States over the 1967-2000 period. Using compensation per hour as the measure of wages, we specify a … productivity growth, and an additional set of labor market variables. The results do not reject the hypothesis that real wages and …

This paper analyzes the dynamics of prices and wages using a limited information approach to estimation. I estimate a … two-equation model for the determination of prices and wages derived from an optimization-based dynamic model in which … both goods and labor markets are monopolistically competitive; prices and wages can be reoptimized only at random intervals …

Is there any evidence to support the assumption that increased wages cause inflation? This study updates and expands … earlier research into this question and finds little support for the view that higher wages cause higher prices. On the …