Hart, Robert A.; Malley, James R.; Woitek, Ulrich - 2001
In the time domain, the observed cyclical behavior of the real wage hides a range of economic influences that give rise … to cycles of differing lengths and amplitudes. This may serve to produce a distorted picture of wage cyclicality. Here … determining whether (i) wage and business cycles cohere (ii) lead-lag or contemporaneous relationships exist and (iii) the degree …