This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window

American Economic Review: Vol. 94 No. 4 (September 2004)

Expand

Quick Tools:

Print Article Summary
Export Citation
Sign up for Email Alerts Follow us on Twitter

Explore:

AER - All Issues

AER Forthcoming Articles

Why Does the Cyclical Behavior of Real Wages Change Over Time?

Article Citation

Huang, Kevin X.D., Zheng Liu, and Louis Phaneuf. 2004. "Why Does the Cyclical Behavior of Real Wages Change Over Time?" American Economic Review, 94(4): 836-856.

DOI: 10.1257/0002828042002552

Abstract

The cyclical behavior of real wages has evolved from mildly countercyclical during the interwar period to modestly procyclical in the postwar era. This paper presents a general-equilibrium business-cycle model that helps explain the evolution. In the model, changes in the real wage cyclicality arise from interactions between nominal wage and price rigidities and an evolving input-output structure.

Article Full-Text Access

Full-text Article

Authors

Huang, Kevin X.D.
Liu, Zheng
Phaneuf, Louis


American Economic Review


Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)

Explore:

AER - All Issues

AER - Forthcoming Articles

Virtual Field Journals


AEA Member Login:


AEAweb | AEA Journals | Contact Us