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Ups and downs: how wages change over the business cycle

Kevin Huang ()

Business Review, 2006, issue q2, 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: Business cycles; Wages (search for similar items in EconPapers)
Date: 2006
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