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Wage Adjustment in the Great Recession

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NBER2013-09-01 更新2025-01-04 收录
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Using 1979-2011 Current Population Survey data for the United States and 1975-2011 New Earnings Survey data for Great Britain, we study wage behavior in both countries, with particular attention to the Great Recession. Real wages are procyclical in both countries, but the procyclicality of real

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2013-09-01
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