Macro- and microeconomic consequences of wage rigidity

Erica Lynn Groshen () and Mark E. Schweitzer

No 9607, Working Paper from Federal Reserve Bank of Cleveland

Abstract: An exploration of the micro- and macroeconomic theories, implications, and evidence of wage rigidity from the perspective of human resource managers and economic researchers, showing that human resource policies can subtly alter the rigidity of wages.

Keywords: Unemployment; Wages (search for similar items in EconPapers)
Date: 1996
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