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Are wages inflexible?

Author

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  • Ben R. Craig

Abstract

An analysis of wage adjustments for hourly employees in the mid-1980s, finding that workers whose wages change often are likely to see larger fluctuations and those whose wages change infrequently tend to see smaller movements, and concluding that wage flexibility is in fact pervasive in the U.S. economy.

Suggested Citation

  • Ben R. Craig, 1995. "Are wages inflexible?," Economic Commentary, Federal Reserve Bank of Cleveland, issue Apr.
  • Handle: RePEc:fip:fedcec:y:1995:i:apr1
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    Citations

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    Cited by:

    1. David E. Lebow & Raven E. Saks & Beth Anne Wilson, 1999. "Downward nominal wage rigidity: evidence from the employment cost index," Finance and Economics Discussion Series 1999-31, Board of Governors of the Federal Reserve System (U.S.).
    2. Kenneth J. McLaughlin, 1999. "Are nominal wage changes skewed away from wage cuts?," Review, Federal Reserve Bank of St. Louis, issue May, pages 117-132.

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    Keywords

    Wages;

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