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Trends in U.S. Wage Inequality: Re-Assessing the Revisionists
U.S. Wage Inequality Re-Assessing the Revisionists
2015/9/21
We are particularly grateful to Daron Acemoglu, Josh Angrist, Paul Devereux, Francis Kramarz, Thomas
Lemieux, Derek Neal and participants at the NBER Summer Institute, the Society of Labor Economists...
During the early 1980s, earnings inequality in the U.S. labor market rose relatively uniformly
throughout the wage distribution. But this uniformity gave way to a significant divergence starting
in ...
We develop a private-information model of union contract negotiations in which disputes
signal a firm’s willingness to pay. Previous models have assumed that all labor disputes take
the form of a st...
Few economists now question the validity
of the Friedman-Phelps accelerationist hypothesis
that the Phillips curve is vertical in
the long run -at least as a first-order approximation.
Indeed. the...
Union Wage Settlements During a Disinflation.
Comments on ‘Wage Rigidity and Unemployment in OECD Countries’ by D. Grubb, R. Jackman and R. Layard
Wage Rigidity Unemployment
2015/8/4
Econometric investigations of individual countries’ experiences with inflation
and unemployment in the 1970’s have shown that it is no longer sufficient to
simply assume that wages are sticky in ord...
Externalities Associated with Nominal Price and Wage Rigidities
Nominal Price Wage Rigidities
2015/8/4
Externalities Associated with Nominal Price and Wage Rigidities.
Wage Determination and Monetary Policy.
Synchronized Wage Determination and Macroeconomic Performance in Japan
Synchronized Wage Determination Macroeconomic Performance
2015/8/4
Synchronized Wage Determination and Macroeconomic Performance in Japan.
Few economists now question the validity
of the Friedman-Phelps accelerationist hypothesis
that the Phillips curve is vertical in
the long run -at least as a first-order approximation.
Indeed. the...
Synchronized Wage Determination and Macroeconomic Performance in Seven Large Countries
Macroeconomic Performance Seven Large Countries
2015/8/4
Synchronized Wage Determination and Macroeconomic Performance in Seven Large Countries.
Staggered Price and Wage Setting in Macroeconomics
monetary policy monopolistic competition market clearing
2015/8/4
This chapter reviews the role of temporary price and wage rigidities in explaining of
the dynamic relationship between money, real output, and inflation. The key properties
to be explained are that ...
The Limited Influence of Unemployment on the Wage Bargain
Limited Influence Unemployment Wage Bargain
2015/7/21
When a job-seeker and an employer meet, find a prospective joint surplus, and bargain over the wage, conditions in the outside labor market, including especially unemployment, may have limited influen...
The consumption and welfare implications of wage arrears in transition economies
Consumption benefits wages arrears transition economies
2015/7/21
The consumption and welfare implications of wage arrears in transition economies.
Sources of the persistent gender wage gap along the unconditional earning distribution: findings from Kenya
Gender Wages Kenya Africa
2014/12/26
Past studies on gender wage inequality in Africa typically attribute the gender pay gap to either gender differences in characteristics or the return to characteristics. We suggest however that the tw...