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Macro- and microeconomic consequences of wage rigidity

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  • Erica L. Groshen
  • Mark E. Schweitzer
Abstract
An exploration of the micro- and macroeconomic theories, implications, and evidence of wage rigidity from the perspective of human resource managers and economic researchers, showing that human resource policies can subtly alter the rigidity of wages.

Suggested Citation

  • Erica L. Groshen & Mark E. Schweitzer, 1996. "Macro- and microeconomic consequences of wage rigidity," Working Papers (Old Series) 9607, Federal Reserve Bank of Cleveland.
    • Handle: RePEc:fip:fedcwp:9607
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    Cited by:

    1. Pavel Gertler, 2010. "The wage curve: A panel data view of labour market segments," Working and Discussion Papers WP 3/2010, Research Department, National Bank of Slovakia.

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