Measuring the Cyclicality of Real Wages: How Important is Composition Bias
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In the period since the 1960's, as in other periods, aggregate time series on real wages have displayed only modest cyclicality. Macroeconomists therefore have described weak cyclicality of real wages as a salient feature of the business cycle. Contrary to this conventional wisdom, our analysis of
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美国国家经济研究局创建时间:
1992-10-01



