No SDES-2014-16
Title Cyclical behavior of real wages in Japan
Author Hiroaki Miyamoto
Abstract This paper studies the cyclicality of aggregate real wages in Japan. By using both static and dynamic approaches, I measure comovements between real wages and business cycle indicators. This paper finds that while real wages constructed using the consumer price index and the GDP deflator are procyclical, the real wage constructed using the producer price index is countercyclical. This result is robust to the data and methods used to compute the comovements.
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