Add to ORKGThis study shows that the rate of wage inflation in the year before a recession is positively related to the rate of employment growth in the subsequent recovery. A possible explanation for this relationship is downward nominal wage rigidity. On the other hand, the prior rate of wage inflation is not significantly related to the employment decline during the ensuing recession, suggesting that prior wage growth has a greater impact on the strength of the recovery from a recession than on the severity of the recession
I present three studies on wages and employment over the business cycle. In Chapter 1, I provide qua...
This paper explores the dynamic relationship between inflation and employment in different labor mar...
Focusing on the compression of wage cuts, many empirical studies find a high degree of downward nomi...
This study shows that the rate of wage inflation in the year before a recession is positively relate...
The U.S. recession that began in July 1990 may have ended in April or May 1991. The pace of the subs...
As inflation rates in the United States decline, analysts are asking if there are economic reasons t...
The persistence of inflation during periods of high unemployment poses the central problem for macro...
The deep and prolonged recession triggered by the global financial crisis of 2007–2009 led to a larg...
Using the accurate and extensive data available in the UK New Earnings Survey, this paper investigat...
This report updates NELP's previous analyses of job loss and job growth trends during and after the ...
Abstract: As inflation rates in the United States decline, analysts are asking if there are economic...
In the financial press, productivity-related wages are often cited as an inflation indicator. For ex...
Empirical evidence suggests that nominal wages in the U.S. are downwardly rigid. This paper studies ...
A presentation of a sectoral-shifts model with money that explains the short-run Phillips curve and ...
This paper investigates the factors associated with the occurrences of US recessions over the period...
I present three studies on wages and employment over the business cycle. In Chapter 1, I provide qua...
This paper explores the dynamic relationship between inflation and employment in different labor mar...
Focusing on the compression of wage cuts, many empirical studies find a high degree of downward nomi...
This study shows that the rate of wage inflation in the year before a recession is positively relate...
The U.S. recession that began in July 1990 may have ended in April or May 1991. The pace of the subs...
As inflation rates in the United States decline, analysts are asking if there are economic reasons t...
The persistence of inflation during periods of high unemployment poses the central problem for macro...
The deep and prolonged recession triggered by the global financial crisis of 2007–2009 led to a larg...
Using the accurate and extensive data available in the UK New Earnings Survey, this paper investigat...
This report updates NELP's previous analyses of job loss and job growth trends during and after the ...
Abstract: As inflation rates in the United States decline, analysts are asking if there are economic...
In the financial press, productivity-related wages are often cited as an inflation indicator. For ex...
Empirical evidence suggests that nominal wages in the U.S. are downwardly rigid. This paper studies ...
A presentation of a sectoral-shifts model with money that explains the short-run Phillips curve and ...
This paper investigates the factors associated with the occurrences of US recessions over the period...
I present three studies on wages and employment over the business cycle. In Chapter 1, I provide qua...
This paper explores the dynamic relationship between inflation and employment in different labor mar...
Focusing on the compression of wage cuts, many empirical studies find a high degree of downward nomi...