The Returns to Labor and the Cyclical Behavior of Real Wages: The Canadian Case

1978 ◽  
Vol 60 (1) ◽  
pp. 19 ◽  
Author(s):  
Matthew B. Canzoneri
Keyword(s):  
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.


2003 ◽  
Author(s):  
Kevin X.D. Huang ◽  
Zheng Liu ◽  
Louis Phaneuf

2015 ◽  
Vol 130 ◽  
pp. 56-59
Author(s):  
Hiroaki Miyamoto
Keyword(s):  

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