Real Wages and the Business Cycle in Australia
Access status:
Open Access
Type
Working PaperAuthor/s
Sheen, J.Abstract
A wide range of macroeconomic and microeconomic theories are surveyed with particular regard to their prediction on the cyclicality of real wages. After appropriate removal of the non-stationary components of the time series involved, econometric tests are undertaken which show that Australian real wages are procyclical.A wide range of macroeconomic and microeconomic theories are surveyed with particular regard to their prediction on the cyclicality of real wages. After appropriate removal of the non-stationary components of the time series involved, econometric tests are undertaken which show that Australian real wages are procyclical.
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Date
1990-06-01Issue
142Publisher
Department of EconomicsLicence
OtherFaculty/School
Faculty of Arts and Social Sciences, School of EconomicsShare