Showing 1 - 2 of 2
recursive estimation and testing methods. While the wage rate is generally acyclical and unstable, the other two components are …
Persistent link: https://www.econbiz.de/10001378250
In the time domain, the observed cyclical behavior of the real wage hides a range of economic influences that give rise to cycles of differing lengths and amplitudes. This may serve to produce a distorted picture of wage cyclicality. Here, we employ frequency domain methods that allow us...
Persistent link: https://www.econbiz.de/10001610688