Myck, Michal; Morawski, Leszek; Mycielski, Jerzy - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006
The aggregate average wage is often used as an indicator of economic performance and welfare, and as such often serves as a benchmark for changes in the generosity of public transfers and for wage negotiations. Yet if economies experience a high degree of (nonrandom) fluctuation in employment...