Solon, Gary; Whatley, Warren; Stevens, Ann Huff - In: Industrial and Labor Relations Review 50 (1997) 3, pp. 402-415
Despite the many reasons to expect sluggish wage adjustment, recent evidence suggests that real wages are quite procyclical (growing more rapidly during economic expansions than during recessions) and that this wage procyclicality pertains even to workers who stay with the same employer. One...
