search query: @indexterm BUSINESS CYCLES / total: 529
reference: 254 / 529
| Author: | Solon, G. Whatley, W. Stevens, A. |
| Title: | Wage changes and intrafirm job mobility over the business cycle: two case studies |
| Journal: | Industrial and Labor Relations Review
1997 : APR, VOL. 50:3, p. 402-415 |
| Index terms: | INDUSTRIAL RELATIONS PAY BUSINESS CYCLES |
| Language: | eng |
| Abstract: | Despite the many reasons to expect sluggish wage adjustment recent evidence suggests that real wages are quite procyclical (growing more rapidly during economic expansion than during recessions) and that this wage procyclicality pertains even to workers who stay with the same employer. One possible explanation for these findings is the old hypothesis that a portion of firm's cyclical adjustment of labor costs is achieved not by changing the wages paid in particular jobs, but by changing the quality of labor assigned to those jobs. |
SCIMA