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Wage Dynamics: Reconciling Theory and Evidence

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NBER1999-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w6924
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资源简介:
U.S. macroeconomic evidence shows a negative relation between the rate of change of wages and unemployment. In contrast, most theories of wage determination imply a negative relation between the level of wages and unemployment. In this paper, we ask whether one can reconcile the empirical evidence
创建时间:
1999-02-01
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