Real Wages and the Business Cycle
这篇综述梳理了实际工资周期性波动的实证研究，分析了不同研究结果差异的来源，并列举了决定实际工资周期性的关键因素，对研究劳动市场和宏观经济的学者有参考价值。
The objectives of this review are threefold: (1) to characterize the empirical literature on the cyclical behavior of real wages; (2) to identify the sources of the differences in results across studies; and (3) to enumerate key factors that determine the cyclicality of real wages. Given a host of measurement and methodological issues, drawing firm conclusions is difficult, but several generalizations can be made. The estimated cyclicality of real wages depends crucially on the time period of analysis and the choice of whether to examine the production or the consumption wage. Composition effects play an important but complicated role as well.