In the 1980s, real consumption wages fell relative to labour efficiency in OECD countries, although there has been some … pressure on wages recently. The persistent moderation of wages was due to labour-market slack, as well as rising non … reflect changes in wage behaviour. The analysis of time-series properties suggests that, typically, wages do not fully catch …

The importance of wages in the analysis and forecasting of macroeconomic developments needs no emphasis. Nominal wage … inflation is a crucial component of price inflation, while real wages importantly influence the demand for labour and for other … factors of production. More generally, the way in which nominal wages are set is an important determinant of whether or not …

and foreign direct investment on domestic employment and wages. These concerns include fears that: jobs are being …-intensive products in the imports from catching up economies may be contributing to the decline of wages of workers in advanced … suggested by economic analysis between changes in trade and foreign direct investment and changes in employment and wages (Part …