Real wages
Real Wages and the Business Cycle: Accounting for Worker and Firm Heterogeneity
... of real wages has been the subject of many studies since the debate of Keynes (1939), Dunlop (1938), and Tarshis ...of real wage cyclicality [Abraham and Haltiwanger ...on real wage behavior ...
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Real wages in the business cycle: an unresolved conflict between theory and facts in mainstream macroeconomics
... between real wages and cyclical fluctuations appears to vary over time and across countries (a result emphasized in Michie, ...towards real business cycle models where fluctuations are caused by ...
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Real Wages of Casual Labourers in Shillong (India)
... 2. Objectives of the Investigation: This investigation is directly related to an analysis of price behaviour of wage goods in relation to the cost of living (or real wages, so to say) of unskilled casual ...
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Productivity Shocks, Unemployment Persistence, and the Adjustment of Real Wages in OECD Countries
... Previous work has only considered error correction models with symmetric adjustment (Jacobson et al. (1998); Lee (2000)). Also, empirical applications of the threshold autore- gressive (TAR) and momentum threshold ...
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Capital Account Liberalization, Real Wages, and Productivity
... As the closest empirical analogue to the textbook example in Section 2A, stock market liberalizations provide just such experiments (Frankel, 1994). Accordingly, in this paper we use the year in which countries first ...
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Macroeconomic Determinants of Real Wages in an Internationally Integrated Economy, Mexico 1998 1 2011 4
... of real wages by GMM show that the unemployment rate is the most important factor in its de- ...on real wages, which is understood as a proxy of the Phillips curve, showing that the rise of 1% ...
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The Effect of Migrant Workers on Employment,Real Wages and Inequality The Case of Israel 1995 to 2000
... Table 6 differs from table 5 only by the addition of a one-year lag for migrant intensity. The result is a further weakening of statistical significance and a reversal of the negative coefficient (which becomes ...
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Labour Market Institutions, Real Wages and Macroeconomic Outcomes
... nominal wages rise with average labour productivity and with the price of food, and discuss the macroeconomic ...raise real wages, even in the face of a supply shock if they are designed so as not to ...
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The Effects of Monetary-Policy Shocks on Real Wages: A Multi-Country Investigation The Effects of Monetary-Policy Shocks on Real Wages: A Multi-Country Investigationv
... nominal wages implies that real wages decline in sticky-wage models, while they increase in sticky-price models and limited-participation ...these real-wage responses to determine, at least, ...
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Real Wages, Inflation and Labour Productivity in Australia
... These results have two important implications. First there is some support for the argument that inflation targeting may have a small, positive impact on productivity growth. Second, Australia could successfully adopt ...
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Real Wages Versus Nominal Wages in the Albanian Economy
... the wages are of relevant importance. Real wages, as determiners of the purchasing power of an employee, take into consideration the inflation of that period when they are ...to wages in terms ...
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Protection and Real Wages: The Stolper-Samuelson Theorem. Rachel McCulloch* April 2005
... on real wages, a landmark contribution to the modern theory of international ...the real wage of the scarce factor expressed in terms of any ...
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Real Wages, Wage Inequality and the Regional Cost of living in the UK
... Based on the FRS, Table 2 reports weekly nominal rental prices across British regions in 1997 and 2008, the increase from 1997 to 2008 (column 3) and the percentage increase relative to the national mean (column 4). The ...
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Intergenerational Real Wages, Technological Change, and Economic Growth in Colombia
... of real wages in Colombia both by workers’ ages and by cohorts, which overlap over ...general real wages present a curved shape for each generation, as is acknowledged in the life-cycle ...
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Real wages and monetary policy: A DSGE approach
... , real wages become more countercyclical as increases, which is analogous to the results for the HLP model (recall Table ...6, real wages become slightly more countercyclical as the price ...
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Real wages and labor supply in a quasi life-cycle framework: a macro compression by Swedish National Transfer Accounts ( )
... for real wages and the labor supply, and for the relationship between the two, are in an age-specific period setting; therefore, they may be more literally interpreted as the working behavior in a quasi ...
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Real wages and labor productivity in Britain and Germany, 1871 1938 : a unified approach to the international comparison of living standards
... comparative real wages in 1905 and 1937 combine data from several ...money wages in the two countries by converting them to a common currency using a purchasing power parity obtained by comparing the ...
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Protection and Real Wages : The History of an Idea
... the real wage in that country as ...the real wage in one country and lower it in the ...of real wages in both exporting and importing countries does not contradict Heckscher-Ohlin (or Stolper- ...
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Labor disruption costs and real wages cyclicality
... adjusting wages upwards than downward. The need to bargain wages leads to a situation where the adjustment cost is partly transferred to the employee through wage negotiations, generating a countercyclical ...
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Small system modelling of real wages, inflation, unemployment and output per capita in Italy 1970 1994
... of real wages in a small system containing some of the macro variables relevant to wage determination, the general class of model adopted is the cointegrated VAR (vector ...
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