A differential measure of the real wage index

In this paper we derive an approximation of the real wage index that does not require the estimation of preferences. The major advantage of this approach is that the measure is extremely easy to compute and provides a first-order approximation of the rate of change in the real wage index.

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Year of publication:	1991
Authors:	Baye, Michael R. ; Black, Dan A.
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 36.1991, 3, p. 295-298
Publisher:	Elsevier

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010664127