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Federal Reserve Bank of Cleveland
Working Papers (Old Series)
Macro- and microeconomic consequences of wage rigidity
Erica L. Groshen
Mark E. Schweitzer
Abstract

An exploration of the micro- and macroeconomic theories, implications, and evidence of wage rigidity from the perspective of human resource managers and economic researchers, showing that human resource policies can subtly alter the rigidity of wages.


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Erica L. Groshen & Mark E. Schweitzer, Macro- and microeconomic consequences of wage rigidity, Federal Reserve Bank of Cleveland, Working Papers (Old Series) 9607, 1996.
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Keywords: Unemployment ; Wages
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