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Firms' wage adjustments: a break from the past?

  • Erica L. Groshen
  • Mark E. Schweitzer

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.

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File URL: http://www.clevelandfed.org/Research/workpaper/1999/Wp9908.pdf
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Paper provided by Federal Reserve Bank of Cleveland in its series Working Paper with number 9908.

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Date of creation: 1999
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Handle: RePEc:fip:fedcwp:9908
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  1. Shapiro, Carl & Stiglitz, Joseph E, 1984. "Equilibrium Unemployment as a Worker Discipline Device," American Economic Review, American Economic Association, vol. 74(3), pages 433-44, June.
  2. Erica L. Groshen, 1991. "Rising inequality in a salary survey: another piece of the puzzle," Working Paper 9121, Federal Reserve Bank of Cleveland.
  3. Mark E. Schweitzer, 1997. "Workforce composition and earnings inequality," Economic Review, Federal Reserve Bank of Cleveland, issue Q II, pages 13-24.
  4. Erica L. Groshen & Mark E. Schweitzer, 1996. "The effects of inflation on wage adjustments in firm-level data: grease or sand?," Staff Reports 9, Federal Reserve Bank of New York.
  5. Koenker, Roger W & Bassett, Gilbert, Jr, 1978. "Regression Quantiles," Econometrica, Econometric Society, vol. 46(1), pages 33-50, January.
  6. 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 560-81, October.
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