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When heavy unemployment persists year after year, it is natural to infer that labour is over-priced. This explanation may well prove to be a crucially important part of a larger explanation; but it is also clear that there are ambiguities to be removed ...
T. WILSON
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La oferta laboral femenina y sus determinantes: evidencia para Colombia conestimativas de cohortes sintéticas [PDF]
The elasticity of labor supply to real wages has broad and significant implications to understanding economic fluctuations and to evaluating the effects of economic policies.
Araceli Manco +2 more
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On the cyclicality of real wages and wage differentials [PDF]
Abstract Previous empirical literature suggests that estimated wage cyclicality depends on the structure of the relationship between real wages and an observed indicator of the business cycle that econometric models impose prior to estimation.
Christopher Otrok +1 more
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Real wages and productivity during the COVID-19 pandemic
Rising wages and prices have characterized 2021 and 2022. Soaring unit labour costs have raised competitiveness concerns. This article examines the relationship between real wages and productivity to see whether real wage growth (growth in real total ...
Danny Leung, Ryan Macdonald
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<p>We process information in a large number of Canadian wage contracts, signed over a period of several decades, to generate the long-run history of the real wage for each bargaining pair. We term these hitherto unexamined histories ‘chronologies’. We are able to generate 1574 continuous real wage chronologies and we examine the evolution of the
Louis N. Christofides, Amy Peng
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Long-term trends in differentiation between regions: Sverdlovsk oblast vs Chelyabinsk oblast [PDF]
Threats of increased differentiation across regions, which have caused inefficient spatial development, are progressively coming into the scientists’ focus. By and large, a peripheral region is unlikely to take the place of the center.
Daria S. Bents
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Nominal Wage Rigidity and Real Wage Cyclicality [PDF]
We discuss the ability of standard estimates of the correlation of wages and employment to measure the relative strength of aggregate demand and supply shocks, given that the choice of time period, deflator, and explanatory variables inherently biases the estimated cyclical coefficients toward identifying labor supply or demand.
Marcello Estevao, Beth Anne Wilson
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This paper aims to discuss the theory of productivity growth and its empirical applications, several authors emphasize the impact of real exchange rate devaluation on productivity.
Douglas Alencar +2 more
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In a recent work, F. Modigliani and T. Padoa-Schioppa presented a theoretical framework in support of the widely diffused thesis among economic commentators regarding the existence of an inverse relationship between real wages and employment.
C. CASAROSA
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Manufacturing real wages in Mexico
In this paper we analyse the recent evolution and determinants of real wages in Mexico’s manufacturing sector, using theories based on the assumption of imperfect competition both in the product and in the labour markets, especially wage-bargain theory ...
Antonia López V, Julio López Gallardo
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