| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w15117 |
| 来源ID | Working Paper 15117 |
| Stepping Off the Wage Escalator: The Effects of Wage Growth on Equilibrium Employment | |
| Michael W. L. Elsby; Matthew D. Shapiro | |
| 发表日期 | 2009-06-30 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | This paper emphasizes the role of wage growth in shaping work incentives. It provides an analytical framework for labor supply in the presence of a return to labor market experience and aggregate productivity growth. A key finding of the theory is that there is an interaction between these two forms of wage growth that explains why aggregate productivity growth can affect employment rates in steady state. The model thus speaks to an enduring puzzle in macroeconomics by uncovering a channel from the declines in trend aggregate wage growth that accompanied the productivity slowdown of the 1970s to persistent declines in employment. |
| 主题 | Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Compensation |
| URL | https://www.nber.org/papers/w15117 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/572792 |
| 推荐引用方式 GB/T 7714 | Michael W. L. Elsby,Matthew D. Shapiro. Stepping Off the Wage Escalator: The Effects of Wage Growth on Equilibrium Employment. 2009. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w15117.pdf（397KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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