Labor Market Shifts and the Price Puzzle Revisited

This paper examines the relationship between price growth and skill intensity across 150 manufacturing industries between 1989 and 1995. There are two main findings. First, wage growth and intermediate goods price increases are passed through to final product prices roughly in proportion to their

本文考察了1989年至1995年间150个制造业行业的价格增长与技能密集度（skill intensity）之间的关联。本文主要得出两项核心结论：其一，工资增长与中间品（intermediate goods）价格上涨对最终产品价格的传导幅度，大致与其各自的成比例。