Why Do Workers Dislike Inflation? Wage Erosion and Conflict Costs
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https://www.nber.org/papers/w32956
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How costly is inflation to workers? Answers to this question have focused on the path of real wages during inflationary periods. We argue that workers must take costly actions (conflict) to have nominal wages catch up with inflation, meaning there are welfare costs even if real wages do not fall as
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美国国家经济研究局创建时间：
2024-09-01
