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The implications of downward nominal and ex ante real wage rigidity, and of wage contracting for the dispersion of relative wage changes in the presence of pric

This overview of a symposium on labor markets and adjustment concludes that: (1) real wages are more flexible than generally supposed, (2) labor reallocations a

"The implications of downward nominal and ex ante real wage rigidity, and of wage contracting for the dispersion of relative wage changes in the presence of pri

Labor markets in Australia have adjusted smoothly to significant declines in commodity prices with little increase in unemployment. This paper examines several