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Macro- and microeconomic consequences of wage rigidity

  • Erica L. Groshen
  • Mark E. Schweitzer

An exploration of the micro- and macroeconomic theories, implications, and evidence of wage rigidity from the perspective of human resource managers and economic researchers, showing that human resource policies can subtly alter the rigidity of wages.

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Paper provided by Federal Reserve Bank of Cleveland in its series Working Paper with number 9607.

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Date of creation: 1996
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Handle: RePEc:fip:fedcwp:9607
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