Sticky wages and the Great Depression
Jason Lennard
uses a novel dataset to estimate nominal wage rigidity in interwar Britain. Over 3 million workers receiving wage cuts in 1931, indicating high labour market flexibility.
cepr.org/voxeu/columns/… https://t.co/80Pyfi8iYB
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…