The Variation in Wage Rigidity by Occupation and Union Status in the Us
利用按职业和工会状态细分的数据估计工资方程,发现工资对失业的敏感度与职业技能水平负相关,且工会工资对失业更敏感但对通胀反应较慢。
This study estimates wage equations with data disaggregated by occupation and union status, and it derives two measures of wage rigidity for each group of workers: the sensitivity of wages to unemployment and the speed with which wages respond to price inflation. The sensitivity of wages to an aggregate measure of unemployment was found to depend negatively on an occupation's skill level. In addition, union wages were more sensitive to unemployment than non‐union wages and responded less rapidly to price inflation.