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Real Wages and Inflation: Rejoinder
Journal of Political Economy, 1972Professors Lucas and Rapping are right in calling my earlier comment on their work misleading. I should not have written that in their model a change in real GNP cannot change unemployment. As they point out it can, provided that it changes wages and prices. This in no way alters my view that the model is unrealistic.
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Is there a wage curve with regional real wages?
2020Reagieren die Löhne auf regionale Arbeitslosigkeit, wie es die Theorie hinter der regionalen Lohnkurve behauptet, wenn regionale Preisunterschiede berücksichtigt werden? In diesem Papier werden regionale Preisindizes zur Beurteilung der Lohnkurve verwendet, während in der Literatur nur Nominallöhne für Lohnkurvenregressionen verwendet werden.
Rokicki, Bartlomiej +3 more
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Real Wages and Unemployment in Australia
Economica, 1991This paper estimates a three-equation model of the Australian labor market, for employment, real wages, and the participation rate. It uses the model to study the role of incomes policies in containing real wage growth and the reasons behind the changes in unemployment since 1970.
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NOMINAL WAGE INDEXATION, QUASI‐EQUILIBRIA AND REAL WAGE DYNAMICS
Bulletin of Economic Research, 2010ABSTRACTIn contrast to the traditional static approach to indexation, this paper analyses the dynamic consequences for real wages of the mechanism that links nominal wages to inflation. Revisiting a contribution by Dehez and Fitoussi on macroeconomic fluctuations, I analyse a monetary overlapping generations small open economy in which full indexation ...
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, 2009 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 real wage
Amy Peng, Louis N. Christofides
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1993
Within the subject of labour market dynamics, controversies about the relationship between employment and real wages over the business cycle have a long history. In this perspective they raise theoretical and empirical issues, as is witnessed by the lack of well established “stylized facts.” To the traditional dichotomy between those who believe in a ...
Piero Ferri, Edward Greenberg
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Within the subject of labour market dynamics, controversies about the relationship between employment and real wages over the business cycle have a long history. In this perspective they raise theoretical and empirical issues, as is witnessed by the lack of well established “stylized facts.” To the traditional dichotomy between those who believe in a ...
Piero Ferri, Edward Greenberg
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2009
The previous chapter examines the impact on employment of changes in money wages and prices that are not due in the first instance to changes in the level of effective demand. This chapter considers a separate issue: namely the changes in money wages, prices and real wages that are in response to variations in effective demand and output. The classical
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The previous chapter examines the impact on employment of changes in money wages and prices that are not due in the first instance to changes in the level of effective demand. This chapter considers a separate issue: namely the changes in money wages, prices and real wages that are in response to variations in effective demand and output. The classical
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1966
Modern developments in academic economics, as we have seen, move away from traditional orthodoxy towards Marx. But in one sphere the movement has been in the opposite direction. On the question of the relationship of changes in money wages to changes in real wages, and of changes in real wages to changes in employment, Marx and the orthodox stand ...
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Modern developments in academic economics, as we have seen, move away from traditional orthodoxy towards Marx. But in one sphere the movement has been in the opposite direction. On the question of the relationship of changes in money wages to changes in real wages, and of changes in real wages to changes in employment, Marx and the orthodox stand ...
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