Britain, we study wage behavior in both countries, with particular attention to the Great Recession. Real wages are … two countries. U.S. distributions of year-to-year nominal wage change show many workers reporting zero change (suggesting … wage stickiness) and many reporting nominal reductions (suggesting wage flexibility), but both findings could be distorted …

Depression on corporate welfarism,' i.e., employers' voluntary provisions of non-wage benefits, greater employment security, and …

about nominal wage adjustments in the United States. The data allow us to define a worker's per-period base contract wage … likely the appropriate concept of wage stickiness in many macro models. Nominal base wage declines are much rarer than … previously thought with only 2% of job-stayers receiving a nominal base wage cut during a given year. However, accounting for …

infer from this that there is potential for wage-push inflation. However, real wages are falling rapidly at present and …, prior to that, real wages had been stagnant for some time. We show that unemployment is not key to understanding wage … and those out of the labor force who are not working significantly reduce wage pressures in the United States. This …