Ups and downs: how wages change over the business cycle

Kevin X.D. Huang

Business Review, 2006, issue Q2, pages 1-8

Abstract: In “Ups and Downs: How Wages Change Over the Business Cycle,” Kevin Huang discusses the shift in the cyclicality of real wages — from countercyclical before World War II to procyclical postwar. He outlines the standard explanation for this change but offers evidence of an alternative explanation: the increased role that intermediate goods play in the production process in the postwar era.

Keywords: Wages; Business cycles (search for similar items in EconPapers)
Date: 2006

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