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Firms' wage adjustments: a break from the past?

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  • Erica L. Groshen
  • Mark E. Schweitzer

Abstract

The authors examine 39 years of wage data for workers in mobile occupations within a set of employers in three midwestern cities. They study wage changes during years of rising, falling, and steady inflation to identify regularities that could broaden understanding of the inflationary process at the micro level.

Suggested Citation

  • Erica L. Groshen & Mark E. Schweitzer, 1999. "Firms' wage adjustments: a break from the past?," Working Papers (Old Series) 9908, Federal Reserve Bank of Cleveland.
    • Handle: RePEc:fip:fedcwp:9908
    DOI: 10.26509/frbc-wp-199908
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    References listed on IDEAS

    as
    1. Sparks, Roger, 1986. "A Model of Involuntary Unemployment and Wage Rigidity: Worker Incentives and the Threat of Dismissal," Journal of Labor Economics, University of Chicago Press, vol. 4(4), pages 560-581, October.
    2. Mark E. Schweitzer, 1997. "Workforce composition and earnings inequality," Economic Review, Federal Reserve Bank of Cleveland, issue Q II, pages 13-24.
    3. Erica L. Groshen & Mark E. Schweitzer, 1994. "The effects of inflation on wage adjustments in firm-level data: grease or sand?," Working Papers (Old Series) 9418, Federal Reserve Bank of Cleveland.
    4. Koenker, Roger W & Bassett, Gilbert, Jr, 1978. "Regression Quantiles," Econometrica, Econometric Society, vol. 46(1), pages 33-50, January.
    5. Erica L. Groshen, 1991. "Rising inequality in a salary survey: another piece of the puzzle," Working Papers (Old Series) 9121, Federal Reserve Bank of Cleveland.
    6. Shapiro, Carl & Stiglitz, Joseph E, 1984. "Equilibrium Unemployment as a Worker Discipline Device," American Economic Review, American Economic Association, vol. 74(3), pages 433-444, June.
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    Cited by:

    1. Mr. Jörg Decressin & Mr. Anja Decressin, 2002. "On Sand and the Role of Grease in Labor Markets: How Does Germany Compare?," IMF Working Papers 2002/164, International Monetary Fund.

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    Keywords

    Inflation (Finance); Wages; Labor market;
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