Add to ORKGHow sticky were wages during the Great Depression? Although classic accounts emphasize the importance of nominal rigidity in amplifying deflationary shocks, the evidence is limited. In this paper, I calculate the degree of nominal wage rigidity in the United Kingdom between the wars using new granular data covering millions of wages. I find that nominal wages were more flexible downwards than in most modern economies, but that the frequency and magnitude of wage cuts were too low to fully offset deflatio
The Great Depression is to economics what the Big Bang is to physics. Asan event, the Depression is ...
What caused the recovery from the British Great Depression? A leading explanation – the ‘expectation...
This paper seeks to contribute to the literature on downward nominal wage rigidity (DNWR) along two ...
How sticky were wages during the Great Depression? Although classic accounts emphasise the importanc...
How sticky were wages during the Great Depression? Although classic accounts emphasize the importanc...
Between 1913 and 1929, real GDP per person in the UK fell 1 percent, while this same measure of econ...
This paper examines the hypotheses that the length and the depth of the Great Depression were a resu...
This paper attempts to determine whether nominal wages became less responsive to labor market and pr...
We show that U.S. manufacturing wages during the Great Depression were importantly determined by for...
We document sectoral differences in changes in output, hours worked, prices, and nominal wages in th...
We show that U.S. manufacturing wages during the Great Depression were importantly determined by for...
On their intensive margins, firms in the British engineering industry adjusted to the severe falls i...
This article compares UK labour productivity during the Great Depression (GD) and the Great Recessio...
This article examines the relative importance of sticky wages and sticky prices in explaining the le...
In an extension of an earlier paper (Hart and Roberts, 2012), we investigate the pay and working tim...
The Great Depression is to economics what the Big Bang is to physics. Asan event, the Depression is ...
What caused the recovery from the British Great Depression? A leading explanation – the ‘expectation...
This paper seeks to contribute to the literature on downward nominal wage rigidity (DNWR) along two ...
How sticky were wages during the Great Depression? Although classic accounts emphasise the importanc...
How sticky were wages during the Great Depression? Although classic accounts emphasize the importanc...
Between 1913 and 1929, real GDP per person in the UK fell 1 percent, while this same measure of econ...
This paper examines the hypotheses that the length and the depth of the Great Depression were a resu...
This paper attempts to determine whether nominal wages became less responsive to labor market and pr...
We show that U.S. manufacturing wages during the Great Depression were importantly determined by for...
We document sectoral differences in changes in output, hours worked, prices, and nominal wages in th...
We show that U.S. manufacturing wages during the Great Depression were importantly determined by for...
On their intensive margins, firms in the British engineering industry adjusted to the severe falls i...
This article compares UK labour productivity during the Great Depression (GD) and the Great Recessio...
This article examines the relative importance of sticky wages and sticky prices in explaining the le...
In an extension of an earlier paper (Hart and Roberts, 2012), we investigate the pay and working tim...
The Great Depression is to economics what the Big Bang is to physics. Asan event, the Depression is ...
What caused the recovery from the British Great Depression? A leading explanation – the ‘expectation...
This paper seeks to contribute to the literature on downward nominal wage rigidity (DNWR) along two ...