Working Paper
Sectoral wage convergence: a nonparametric distributional analysis
Abstract: An examination of the relative shapes of the wage distribution in the U.S. goods-producing and service-producing sectors that uses a nonparametric measure of density overlap to analyze wage differences between the two sectors over time. ; What implications do 21st century monetary innovations bring for holdings of central bank money and standards of value? Emerging technologies such as cybercash, e-cash, and smart cards can be expected to reduce demand for central bank money, but the theoretical framework for monetary policy has not changed.
Access Documents
File(s):
File format is application/pdf
https://fraser.stlouisfed.org/title/working-paper-federal-reserve-bank-cleveland-4494/sectoral-wage-convergence-494641
Description: Full text
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Working Papers (Old Series)
Publication Date: 1995
Number: 9520