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New Evidence on Cyclical Variation in Labor Costs in the U.S.

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NBER2018-02-01 更新2025-01-04 收录
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Employer-provided nonwage benefit expenditures now account for one-third of U.S. firms' labor costs. We show that a broad measure of real labor costs including such benefit expenditures has become countercyclical during 1982-2014, contrary to the conventional view that labor costs are procyclical.

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2018-02-01
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