Nominal and Real Wage Cyclicality during the Interwar Period

1995 ◽  
Vol 61 (3) ◽  
pp. 588 ◽  
Author(s):  
Stephen Silver ◽  
Scott Sumner
2004 ◽  
Vol 94 (4) ◽  
pp. 836-856 ◽  
Author(s):  
Kevin X. D Huang ◽  
Zheng Liu ◽  
Louis Phaneuf

The cyclical behavior of real wages has evolved from mildly countercyclical during the interwar period to modestly procyclical in the postwar era. This paper presents a general-equilibrium business-cycle model that helps explain the evolution. In the model, changes in the real wage cyclicality arise from interactions between nominal wage and price rigidities and an evolving input-output structure.


2012 ◽  
Vol 115 (2) ◽  
pp. 141-143 ◽  
Author(s):  
Lili Kang ◽  
Fei Peng

2012 ◽  
Vol 44 (33) ◽  
pp. 4391-4408 ◽  
Author(s):  
Chandranath Amarasekara ◽  
George J. Bratsiotis

2007 ◽  
pp. 1.000-41.000
Author(s):  
Eric T. Swanson ◽  
Keyword(s):  

Labour ◽  
2008 ◽  
Vol 22 (4) ◽  
pp. 569-591 ◽  
Author(s):  
Fei Peng ◽  
W. Stanley Siebert
Keyword(s):  

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