A NOTE ON REAL WAGE RIGIDITY AND STATE UNEMPLOYMENT RATES*
扩展了Hyclak和Johnes（1989）的研究，分析实际工资刚性与州失业率的关系，发现工资刚性指标在解释失业率变化时不稳健，且替代代理变量也无显著影响。
ABSTRACT This paper extends the research of Hyclak and Johnes (1989) in analyzing the relationship between the rigidity in real wages and state unemployment rates. It presents evidence contrary to the empirical findings of Hyclak and Johnes in that measures of real wage rigidity are not robust over time in explaining changes in state unemployment rates. Moreover, an alternative proxy accounting for divergent growth patterns across states does not significantly affect changes in state unemployment rates.