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Sticky Wage Norms and the Real Wage Cost of Unexpected Inflation

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NBER2026-08-01 更新2026-08-21 收录
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We use a sample of administrative payroll data covering a large and nationally representative share of U.S. workers to study how wages adjusted during the recent inflation period. Most firms apply a single modal annual nominal wage increase to the majority of their workers, and these firm-level

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2026-08-01
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