Economics, Econometrics and Finance
4 years ago

Inflation surprises have unexpected impact on real wages in manufacturing.

Nominal Contracting Theories of Unemployment: Evidence From Panel Data
Michael P. Keane

Paper Summary

Related papers

Economics, Econometrics and Finance
4 years ago

Real wages rise and fall with business cycle shocks, impacting workers.

Macroeconomic Analysis
Monetary Models
Macroeconomic Trends
3 views
Theme background image
Health Professions
4 years ago

Real wages in Spain show little adjustment during economic downturns.

Employment Health Effects
Labor Dynamics
Gig Economy
1 view
Economics, Econometrics and Finance
8 years ago

Decline in Real Wages in Developing Countries Raises Concerns.

Resource Curse
Foreign Aid
Mining Sustainability
1 view

The study looked at how wages and job chances change when there are unexpected changes in money or inflation. They used data from a survey of young men over time. The results showed that the usual ideas about how wages and money are linked don't always hold true. In some industries, when there's more money around, wages actually go up instead of down. This was especially true in manufacturing. This goes against what many experts thought would happen.