Changes in the Cyclical Behavior of Real Wage Rates, 1870-1990
Datos Bibliográficos
| ID | 4874874 |
|---|---|
| Autores | Christopher Hanes (Federal Reserve, autor de correspondencia) |
| Año | 1996 |
| Volumen | 56 |
| Número | 4 |
| Páginas | 837-861 |
| Fecha de publicación | 1996-12-01 |
| Peer Reviewed | Sí |
| Open Access | Sí |
| Tipo | ARTICLE |
| Revista | The Journal of Economic History (JOURNAL) |
| Identificadores de la revista | ISSN: 0022-0507 • E-ISSN: 1471-6372 |
| Editorial | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0022050700017496 |
| OpenAlex | W1999531558 |
| Idioma | EN |
| Citas recibidas | 7 |
| Referencias citadas | 28 |
A modern household's consumption bundle is more finished than that of a typical worker in the past: the average consumption good passes through more stages of production before purchase. This has affected the cyclical behavior of wages relative to the price of the consumption bundle because wages are more procyclical relative to prices of more-finished goods. Nowadays real consumption wages are procyclical. They were less procyclical before the Second World War, and they may have been acyclical or even countercyclical before the First World War
Bundle · Consumption (sociology) · Economics · Labour economics · Macroeconomics · Monetary economics · Production (economics) · Real wages · Relative price · Wage · Economic Theory and Policy · Historical Economic and Social Studies · Monetary Policy and Economic Impact
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| Obras citantes distintas | 7 |
|---|---|
| Citas por año | 0,25 |
| Intervalo de citas | 1998 - 2020 (23) |
| Velocidad de citación | historical |
| Altamente citado | No |
| Tipos de cita | Neutras: 6 |