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Wage inflation and worker uncertainty

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  • Mark E. Schweitzer

Abstract

Compares two possible explanations of why pay increases continue to be moderate in a vigorous labor market--workers' uncertainty about their jobs and human resource managers' wage-setting behavior--and looks at how each explanation matches the evidence on the timing of inflation and wage changes.

Suggested Citation

  • Mark E. Schweitzer, 1997. "Wage inflation and worker uncertainty," Economic Commentary, Federal Reserve Bank of Cleveland, issue Aug.
  • Handle: RePEc:fip:fedcec:y:1997:i:aug15
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    Keywords

    Inflation (Finance); Wages;

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