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Working Paper
Discretion, wage indexation, and inflation
VanHoose, David D.; Waller, Christopher J.
(1989)
Research Working Paper
, Paper 89-03
Journal Article
A minimum wager
Mahon, Joe
(2007-03)
Will a rising wage floor lift all workers, or put too many in the unemployment line?
Fedgazette
, Volume 19
, Issue Mar
, Pages 17-19
Working Paper
Amenities and the returns to human capital
Beeson, Patricia E.
(1987)
A demonstration that regional differences in the returns to human capital do not necessarily imply structural differences in regional labor markets, but could be reflecting compensation for regional differences in amenities.
Working Papers (Old Series)
, Paper 8709
Conference Paper
The rise of offshoring: it's not wine for cloth anymore
Rossi-Hansberg, Esteban; Grossman, Gene M.
(2006)
Proceedings - Economic Policy Symposium - Jackson Hole
Discussion Paper
How Have Racial and Ethnic Earnings Gaps Changed after COVID-19?
Chatterji-Len, Kasey; García, Daniel I.; Pinkovskiy, Maxim L.; Chakrabarti, Rajashri
(2022-10-20)
Racial and ethnic earnings disparities have been salient features of the U.S. economy for decades. Between the pandemic-driven recession in 2020 and the rising inflation since 2021, workers’ real and nominal earnings have seen rapid change. To get a sense of how recent economic conditions have affected earnings disparities, we examine real and nominal weekly earnings trends for Asian, Black, Hispanic, and white workers. We find that average real weekly earnings have been declining in the past year, but less so for Black and Hispanic workers than for white and Asian workers. Black and ...
Liberty Street Economics
, Paper 20221020a
Conference Paper
Profit sharing in the 1980s: disguised wages or a fundamentally different form of compensation?
Kruse, Douglas
(1989)
Proceedings
Working Paper
The Responses of Wages and Prices to Technology Shocks
Williams, John C.; Laubach, Thomas; Edge, Rochelle M.
(2003-12-01)
This paper reexamines wage and price dynamics in response to permanent shocks to productivity. We estimate a micro-founded dynamic general equilibrium (DGE) model of the U.S. economy with sticky wages and sticky prices using impulse responses to technology and monetary policy shocks. We utilize a flexible specification for wage- and price-setting that allows for the sluggish adjustment of both the levels of these variables as in standard contracting models as well as intrinsic inertia in wage and price inflation. On the price front, we find that in our VAR inflation jumps in response to an ...
Working Paper Series
, Paper 2003-21
Working Paper
Phillips curves, monetary policy, and a labor market transmission mechanism
Reed, Robert R.; Schreft, Stacey L.
(2007)
This paper develops a general equilibrium monetary model with performance incentives to study the inflation-unemployment relationship. A long-run downward-sloping Phillips curve can exist with perfectly anticipated inflation because workers? incentive to exert effort depend on financial market returns. Consequently, higher inflation rates can reduce wages and stimulate employment. An upward-sloping or vertical Phillips Curve can arise instead, depending on agents? risk aversion and the possibility of capital formation. Welfare might be higher away from the Friedman rule and with a central ...
Research Working Paper
, Paper RWP 07-12
Journal Article
Real output and unit labor costs as predictors of inflation
Mehra, Yash P.
(1990-07)
Granger-causality tests used here find that: [1] unit labor costs add no predictive power to inflation forecasts; and [2] the gap between actual and potential output does help predict inflation, but only in the short run.
Economic Review
, Volume 76
, Issue Jul
, Pages 31-39
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