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Oxford Economic Papers, 1978
Abstract Wages and profits must be regarded as simultaneously determined—profits must not be regarded as a residual. In the short period both are determined by current demand, profits fluctuating much more strongly than wages. More important is the long-period factor, which depends upon capital-labor substitution elasticity.
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Abstract Wages and profits must be regarded as simultaneously determined—profits must not be regarded as a residual. In the short period both are determined by current demand, profits fluctuating much more strongly than wages. More important is the long-period factor, which depends upon capital-labor substitution elasticity.
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Swedish Wages and Wage Policies
The ANNALS of the American Academy of Political and Social Science, 1957A review of 1939-56 wage developments and policies shows the willingness of trade unions to exercise self-restraint. Inflationary pressures, however, caused an uncontrollable and distorting "wage drift." Wage-price ex plosions resulted: repeatedly it appeared necessary to reshape the wage structure on the basis of rank-and-file psychology and market ...
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Aggregate Nominal Wage Adjustments: New Evidence from Administrative Payroll Data
American Economic Review, 2021John Grigsby, Erik Hurst
exaly
Postsecondary Education and Increasing Wage Inequality
American Economic Review, 2006Thomas Lemieux
exaly