Cyclical behavior of real wages in Japan
No SDES-2014-16, Working Papers from Kochi University of Technology, School of Economics and Management
This paper studies the cyclicality of aggregate real wages in Japan. By using both static and dynamic approaches, I measure comovements between real wages and business cycle indicators. This paper finds that while real wages constructed using the consumer price index and the GDP deflator are procyclical, the real wage constructed using the producer price index is countercyclical. This result is robust to the data and methods used to compute the comovements.
Keywords: Real wages; business cycle; correlation (search for similar items in EconPapers)
JEL-codes: E32 J30 C10 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2014-11, Revised 2014-11
New Economics Papers: this item is included in nep-lab and nep-mac
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Published in SDE Series, November 2014, pages 1-12
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http://www.souken.kochi-tech.ac.jp/seido/wp/SDES-2014-16.pdf First version, 2014 (application/pdf)
Journal Article: Cyclical behavior of real wages in Japan (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:kch:wpaper:sdes-2014-16
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