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Federal Reserve Bank of Chicago
Chicago Fed Letter
Job Switching and Wage Growth
R. Jason Faberman
Alejandro Justiniano
Abstract

This article shows a remarkably strong relationship between job switching and nominal wage growth. We also find a fairly strong relationship between job switching and the cyclical component of inflation. Furthermore, job switching seems to be predictive of both wage growth and inflation.


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R. Jason Faberman & Alejandro Justiniano, "Job Switching and Wage Growth" , Federal Reserve Bank of Chicago, Chicago Fed Letter, number 337, 2015.
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Keywords: Employment; job; inflation; wage
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