Cyclical behavior of real wages in Japan

被引：0
|
作者：
Miyamoto, Hiroaki [1 ]
机构：
[1] Univ Tokyo, Grad Sch Publ Policy, Bunkyo Ku, Tokyo 1130033, Japan
来源：
ECONOMICS LETTERS | 2015年 / 130卷
关键词：
Real wages; Business cycle; Correlation; Japanese economy; BUSINESS-CYCLE; COMOVEMENT; TIME;
D O I：
10.1016/j.econlet.2015.03.002
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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, real wages constructed using the producer price index are countercyclical. This result is robust to the data and methods used to compute the comovements. (C) 2015 Elsevier B.V. All rights reserved.
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页码：56 / 59
页数：4
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