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Inflation and Labor-Market Adjustment

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NBER1983-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1153
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The implications of downward nominal and ex ante real wage rigidity,and of wage contracting for the dispersion of relative wage changes in the presence of price inflation are examined. Rigidity implies that unexpected inflation will raise the variability of relative wage changes; contracting implies
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1983-06-01
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