Macro- and Microeconomic Consequences of Wage Rigidity

55 Pages Posted: 17 Jan 2015

See all articles by Erica L. Groshen

Erica L. Groshen

Federal Reserve Bank of New York; IZA Institute of Labor Economics

Mark Schweitzer

Federal Reserve Banks - Federal Reserve Bank of Cleveland

Date Written: August 1, 1996

Abstract

This article reviews a well-established macroeconomic literature -- wage rigidity -- from the perspective of human resource managers and economic researchers. As we demonstrate, human resource policies can subtly alter the rigidity of wages. Fortunately, the potential existence and impact of wage rigidities has long been an active area of economic research whose results can be used to guide human resource managers policy reviews.

Suggested Citation

Groshen, Erica L. and Schweitzer, Mark, Macro- and Microeconomic Consequences of Wage Rigidity (August 1, 1996). FRB of Cleveland Working Paper No. 9607, Available at SSRN: https://ssrn.com/abstract=2550310 or http://dx.doi.org/10.2139/ssrn.2550310

Erica L. Groshen

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States
212-720-7685 (Phone)

HOME PAGE: http://www.newyorkfed.org/research/economists/groshen/index.html

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Mark Schweitzer (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of Cleveland ( email )

East 6th & Superior
Cleveland, OH 44101-1387
United States

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