The relationship between wage growth and wage levels

2009 ◽  
Vol 24 (6) ◽  
pp. 914-932 ◽  
Author(s):  
Tricia Gladden ◽  
Christopher Taber
Keyword(s):  
Wage Growth ◽  
The Relationship

Monetary and Non-Monetary Inflation Factors

2019 ◽  
Vol 7 (4) ◽  
pp. 9-14
Author(s):  
Ольга Николайчук ◽  
Olga Nikolaychuk ◽  
Э. Зайцева ◽  
E. Zayceva
Keyword(s):  
Financial Stability ◽  
Scientific Research ◽  
Wage Growth ◽  
Macroeconomic Policy ◽  
Nominal Wage ◽  
Graphic Method ◽  
Theoretical Conclusion ◽  
Previous Issue ◽  
Analysis And Synthesis ◽  
The Relationship

In continuation of our scientific research, published in the previous issue of the journal, this article was written. In the process of research, the methods of analysis and synthesis, the graphic method were used. The results of this study prove the general theoretical conclusion about the relationship between nominal wage growth and inflation. Achieving financial stability is possible with a decrease in the rate of inflation. Based on the analysis of the scientific periodic and monographic literature, the calculations we have cited, the article concluded that the reasons for inflation in Russia are mostly non-monetary. But when choosing a macroeconomic policy, it is necessary to base on the coordination of influence on both monetary and non-monetary factors of inflation.

Wage Growth and Inflation in the United States: Further Evidence from Johansen's Cointegration Approach

1997 ◽  
Vol 41 (1) ◽  
pp. 53-58
Author(s):  
Victor Ukpolo
Keyword(s):  
United States ◽  
Unit Root ◽  
Wage Growth ◽  
The United States ◽  
Significant Component ◽  
Wage Change ◽  
Unit Root Testing ◽  
Long Run ◽  
Maximum Likelihood Procedure ◽  
The Relationship

This paper examines the relationship between wage growth and inflation in the United States. It has been hypothesized that an autonomous wage change represent a significant component of inflation determination. We adopted the recent technique of unit-root testing and Johansen's maximum likelihood procedure to show that, although, wage growth has some long-run impact on inflation pressures, it represents an insignificant determinant of inflation.

Non-linear dynamics of employment, output and real wages in Canada

2014 ◽  
Vol 41 (4) ◽  
pp. 554-568 ◽  
Author(s):  
Adian A. McFarlane ◽  
Anupam Das ◽  
Murshed Chowdhury
Keyword(s):  
Real Wage ◽  
Employment Growth ◽  
Growth Dynamics ◽  
Wage Growth ◽  
Output Growth ◽  
National Accounts ◽  
Linear Dynamics ◽  
Content Type ◽  
Non Linear ◽  
The Relationship

Purpose – The purpose of this paper is to examine the relationship among employment, real wage, and output growth in Canada. Design/methodology/approach – Using quarterly data from 1994q2 to 2012q3, this paper employs a vector autoregressive framework while allowing for the derivation of output from its historical maximum over the sample period to affect future output, employment, and real wage growth dynamics. Findings – There are three main findings: output growth is significant in predicting employment growth and vice versa; real wage growth neither Granger causes employment growth nor output growth, but employment growth Granger causes real wage growth; and non-linear dynamics, captured by the current depth regression (CDR) effect term, through the sign as well as the magnitude of output changes, are important in characterizing the evolution of the relationship among output, employment, and real wage growth. Practical implications – The findings of this research have significant implications for policy makers. Output and employment growth are important in forecasting each other in Canada. In contrast to the mainstream theory, real growth is insignificant in explaining the future dynamics of employment in Canada. Policies need to be formulated to encourage the growth of employment to ensure sustain output growth. Originality/value – This study examines empirically the real output, real wage, and employment link in Canada. This study uses the most recently revised GDP data arising from the 2012 Historical Revision of the Canadian System of National Accounts. The econometric methodology involves the standard vector autoregression (VAR) model to which the authors introduce non-linear dynamics through a term that controls for the deviation of output from its preceding historical maximum: the CDR effect.

scholarly journals Business Income Dynamics and Labor Market Fluidity

2021 ◽  
Vol 10 (1) ◽  
Author(s):  
Henry Hyatt ◽  
Seth Murray ◽  
L. Kristin Sandusky
Keyword(s):  
Labor Market ◽  
Wage Growth ◽  
Income Dynamics ◽  
Present Evidence ◽  
Independent Contractors ◽  
Labor Reallocation ◽  
Secondary Sources ◽  
Business Income ◽  
The Relationship ◽  
The U.S

Abstract The share of the U.S. population that receives business income has increased substantially in recent decades. At the same time, worker hire and separation rates declined, with worrying implications for productivity and wage growth. In this paper, we explore the relationship between business income (BI) receipt and labor reallocation. We show that BI recipients are largely excluded from existing measures of labor reallocation. Including BI recipients reduces the measured decline from 1994 to 2014 in the hire and separation rates by 8.3–8.7%, respectively, primarily among jobs that were secondary sources of income or short in duration. We present evidence that worker transitions between wage and salary jobs and BI represent labor reallocation, as opposed to reclassification of employees as independent contractors.

The Internet and Local Wages: A Puzzle

2012 ◽  
Vol 102 (1) ◽  
pp. 556-575 ◽  
Author(s):  
Chris Forman ◽  
Avi Goldfarb ◽  
Shane Greenstein
Keyword(s):  
Wage Inequality ◽  
Wage Growth ◽  
Local Variation ◽  
Internet Technology ◽  
The Internet ◽  
Business Investment ◽  
The Difference ◽  
The Relationship

How did the diffusion of the internet affect regional wage inequality? We examine the relationship between business investment in advanced internet technology and local variation in US wage growth between 1995 and 2000. We identify a puzzle. The internet is widespread, but the economic payoffs are not. Advanced internet technology is only associated with substantial wage growth in the 6 percent of counties that were already highly wealthy, educated, and populated and had IT-intensive industry. Advanced internet and wage growth appear unrelated elsewhere. Overall, advanced internet explains over half the difference in wage growth between already well-off counties and all others. JEL: J31, L86, O33, R11, R23

The relationship between wages and productivity of agricultural labour: trends and directions

2021 ◽  
pp. 4-11
Author(s):  
V. N. Kiryanova ◽  
S. V. Dulzon
Keyword(s):  
Russian Federation ◽  
Productivity Growth ◽  
Wage Growth ◽  
Growth Ratio ◽  
Agriculture Sector ◽  
The Russian Federation ◽  
Agricultural Organizations ◽  
The Relationship

The article justifies the need to study the relationship between wage growth and productivity in agriculture. Particular attention is paid to the experience of individual subjects of the Russian Federation, on the territory of which there are agricultural organizations that fulfill the principle of dependence of wages on the number and quality of goods. It was concluded that at present, with an increase in wages, productivity growth is lagging behind significantly in groups of regions of the Russian Federation. It was suggested that the productivity and wage growth ratio should be used as a tool in the development and implementation of State programmes for the development and support of the agriculture sector.

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