Erica Groshen

How do the complex institutions involved in wage setting affect wage changes?

Despite advances in understanding the policies that cause inflation, economists know little about inflation’s manifestations and transmission in the marketplace.

Inflation has been accused of causing distortionary price and wage fluctuations (sand) as well as lauded for facilitating adjustments to shocks when wages are rigid downwards (grease).

This article reviews a well-established macroeconomic literature -- wage rigidity -- from the perspective of human resource managers and economic researchers.

An analysis of whether inflation facilitates adjustments to shocks or distorts relative prices, examining wage-setting process across a panel of occupations and employers and finding costs of inflation may rise more rapidly than its benefits.

A look at the implications for human resource management of the rising wage disparity found in a three-decades-long private salary survey conducted by the Federal Reserve Bank of Cleveland.

Hostile takeovers may have significant implications for long-term employment contracts if they facilitate the opportunistic expropriation of extramarginal wage payments.

Studies of wage inequality based solely on the Bureau of Labor Statistics’ Current Population Survey have concluded that the recent rising trend has made family income less equally distributed.

An examination of the intensity of supervision in the workplace and its effect on the pay of nonsupervisory employees through the use a wage survey of the hospital industry.

Recent interest in efficiency wage and insider/outsider models of wage determination has drawn attention to employer-based wage differences.

An analysis of variance in individual production workers’ wages within and between establishments, using BLS Industry Wage Surveys to examine establishment-based wage differentials.

This paper decomposes the observed wage difference between male and female workers into the portions associated with three types of segregation and with the individual’s sex.

During the past 20 years, American business has restructured itself along many dimensions.

In the past decade, higher levels of schooling have become more financially rewarding. Adjusted for inflation, the earnings of college-educated workers rose during the 1980s, while they declined for employees with a high-school diploma or less.

Until the National Bureau of Economic Research (the official arbiter of business cycles) decrees it, we cannot be certain that history will record the current economic downturn as a recession.

Much of the variation in wages among employees cannot be explained by the usual variables of individual worker characteristics, demographics, and industry classification.

Mergers and acquisitions have both positive and negative effects on a region’s industrial structure.

Despite recent low unemployment rates and high capacity-utilization levels, wages have remained stable.