| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w2888
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| 来源ID | Working Paper 2888
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| Real Wages Over The Business Cycle |
| Robert B. Barsky; Gary Solon
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| 发表日期 | 1989-03-01
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| 出版年 | 1989
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| 语种 | 英语
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| 摘要 | This paper is an examination of cyclical real wage behavior in the United States since World War II. Like most previous aggregate studies. ours finds little cyclicalitv in aggregate industry real wage data. On the other hand, our analysis of longitudinal microdata from the Panel Study of Income Dynamics reveals substantial procyclicality. We find that this procyclicality is obscured in industry average wage statistics, and to a lesser extent in economywide averages, because those statistics are constructed in a way that gives greater weight to low-wage workers during expansions. The almost complete absence of evidence for countercyclical real wages suggests that movements along labor demand curves have not played a dominant role in cyclical employment fluctuations over the last 40 years. Instead, the procyclicality of real wages indicates that cyclical employment fluctuations have been generated mainly by shifts in labor demand. The sources of these shifts and of the positive slope of the effective labor supply curve, however, remain open to alternative interpretations. |
| 主题 | Macroeconomics
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| URL | https://www.nber.org/papers/w2888
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/560157
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推荐引用方式
GB/T 7714 |
Robert B. Barsky,Gary Solon. Real Wages Over The Business Cycle. 1989.
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文件名：
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w2888.pdf
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格式：
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Adobe PDF
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