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Title: Nominal-Contracting Theories of Unemployment: Evidence from Panel Data
Resulting in 1 citation.
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Keane, Michael P. |
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Nominal-Contracting Theories of Unemployment: Evidence from Panel Data American Economic Review 83,4 (September 1993): 932-952. Also: http://www.jstor.org/stable/2117586 Cohort(s): Young Men Publisher: American Economic Association Keyword(s): Inflation; Unemployment Compensation; Wage Dynamics Permission to reprint the abstract has not been received from the publisher. Data from the National Longitudinal Survey of Young Men are used to study how nominal shocks affect real wages in the economy and in specific sectors. Nominal-contracting theories of unemployment hold that real wages and nominal shocks have a negative correlation. The research does not support these theories. The study shows that real wages have no correlation with either money-growth shocks or inflation and suggests that real shocks could lead to fluctuations in real wages. |
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Bibliography Citation
Keane, Michael P. "Nominal-Contracting Theories of Unemployment: Evidence from Panel Data." American Economic Review 83,4 (September 1993): 932-952.
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