A differential measure of the real wage index

Michael Baye and Dan Black

Economics Letters, 1991, vol. 36, issue 3, 295-298

Abstract: In this paper we derive an approximation of the real wage index that does not require the estimation of preferences. The major advantage of this approach is that the measure is extremely easy to compute and provides a first-order approximation of the rate of change in the real wage index.

Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:36:y:1991:i:3:p:295-298

DOI: 10.1016/0165-1765(91)90036-K

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