The "Problem" of Procyclical Real Wages and Productivity

Keywords

Economics, Productivity, Wage, Labour economics, Business cycle

References

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• A Time-Series Analysis of the Real Wages-Employment RelationshipSalih N. Neftçi — 1978
• NONLINEAR ESTIMATION OF AGGREGATE PRODUCTION FUNCTIONSRonald G. Bodkin, Lawrence R. Klein — 1967
• Real Wages and Cyclical Variations in Employment: A Re-Examination of the EvidenceRonald G. Bodkin — 1969
• The Returns to Labor and the Cyclical Behavior of Real Wages: The Canadian CaseMatthew B. Canzoneri — 1978
• Capacity, Overtime, and Empirical Production FunctionsRobert E. Lucas — 1970
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• Changes in Real and Money WagesLorie Tarshis — 1939
• The Movement of Real and Money Wage RatesJohn Τ. Dunlop — 1938
• Relative Movements of Real Wages and OutputJohn Maynard Keynes — 1939

Cited by

• Cyclical Variation in the Capital Utilization Rate: A Response to GarrisonJohn McCombie — 1991
• Why are Some Countries Richer than Others? A Reassessment of Mankiw-Romer-Weil’s Test of the Neoclassical Growth ModelJesús Felipe, John McCombie — 2002
• The Solow Residual, Technical Change, and Aggregate Production FunctionsJohn McCombie — 2000
• Real Wages and the Business CycleKatharine G. Abraham, John Haltiwanger — 1995
• The Workweek of Capital and Capital Utilization in ManufacturingJ. Joseph Beaulieu, Joe P. Mattey — 1998
• Time-to-Build and Aggregate Fluctuations: Some New EvidenceSumru Altuğ — 1989
• Working Hours and Productivity in Swedish ManufacturingDominique Anxo, Arne Bigsten — 1989
• Wage Setting in the Portuguese Labor Market: A Microeconomic ApproachPedro Portugal, Francisco Pereira de Moura — 2006
• Does public capital affect private sector performance?: An analysis of the Spanish case, 1964–1988Oscar Bajo‐Rubio, Simón Sosvilla‐Rivero — 1993
• Wage-Price Flexibility, Market Power, and the Cyclical Behavior of Real Wages, 1959–1980David Garman, Daniel J. Richards — 1992
• Employment, Labour Utilization and Procyclical Labour ProductivityH. König, Winfried Pohlmeier — 1988
• Employment and utilization of engineers among defense contractorsMatthew S. Goldberg, Thomas P. Frazier — 1994
• Capital utilization and capital accumulation: Theory and evidenceMatthew D. Shapiro — 1986
• IN SEARCH OF A STYLISED FACT: DO REAL WAGES EXHIBIT A CONSISTENT PATTERN OF CYCLICAL VARIABILITY?Andrea Brandolini — 1995
• The response of real wages to unanticipated money growthLeonardo Leiderman — 1983
• Trying to Understand StagflationIan M. McDonald — 1984
• Government capital and the production function for U.S. private outputJonathan Ratner — 1983
• Public Infrastructure and Private Productivity: A Stochastic-Frontier ApproachCharles Delorme, Herbert G. Thompson, Ronald S. Warren — 1999
• A Problem with Some Estimations and Interpretations of the Mark-up in Manufacturing IndustryJesús Felipe, John McCombie — 2002
• The returns to labour services in West German manufacturing industryRobert A. Hart, Peter McGregor — 1988

Related papers

• Non-Linear Dynamics of Real Wages Over the Business CycleCarlo Altavilla, Concetto Paolo Vinci — 2011
• Demand shocks, supply shocks and the cyclicality of real wagesH. Naci Mocan, Ahmet Baytas — 1991
• Non-Linear Dynamics of Real Wages Over the Business CycleCarlo Altavilla, Concetto Paolo Vinci — 2011
• The public–private sector wage gap in LatviaKārlis Vilerts — 2018
• Real Wages over Short- and Long-Term Business Cycles: A Time-Series EvidenceKiseok Lee — 1999
• Fallacious convergence? Williamson’s real wage comparisons under scrutinySvante Prado — 2010
• HETEROGENEITY IN REAL WAGE CYCLICALITYPedro S. Martins — 2007