Procyclical real wages under nominal-wage contracts with productivity variations

A modification of existing sticky-wage models to account for the observed cyclical behavior of real wages by means of a model that introduces productivity factors into nominal-wage contracts.

MoreLess

Year of publication:	1988
Authors:	Hoehn, James G.
Published in:	Economic Review. - Federal Reserve Bank of Cleveland. - 1988, Q IV, v. 24, no. 4, p. 11-23
Publisher:	Federal Reserve Bank of Cleveland
Subject:	Wages \| Employment (Economic theory) \| Business cycles

More details

Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005360719