文章基本信息

标题：The path of wage growth and unemployment
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作者：Mary C. Daly ; Bart Hobijn ; Timothy Ni 等
期刊名称：FRBSF Economic Letter
出版年度：2013
卷号：2013
出版社：Federal Reserve Bank of San Francisco
摘要：After the Great Recession, the fraction of U.S. workers whose wages were frozen reached a record high. Many employers would have preferred to cut wages, but couldn’t do so because of the reluctance of workers to accept reduced compensation. These pent-up wage cuts initially propped up wage growth, reduced hiring, and pushed up unemployment. But, over the past 2½ years, inflation has eroded the real value of frozen wages, slowing wage growth and reducing the unemployment rate. This is similar to, but more pronounced than, the pattern observed in past recessions.