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Please use this identifier to cite or link to this item:
http://hdl.handle.net/2451/26236
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| Title: | Employment versus Wage Adjustment and the U.S. Dollar |
| Authors: | Campa, José Manuel
Goldberg, Linda S. |
| Issue Date: | 23-Apr-1999 |
| Series/Report no.: | EC-99-07 |
| Abstract: | Using two decades of annual data, we explore the links between real
exchange rates and employment, wages and overtime activity in specific
U.S. manufacturing industries. Across two-digit industry levels of
aggregation, exchange rate movements do not have large effects on
numbers of jobs or on hours worked. More substantial effects are picked
up in industry wages, especially for industries characterized by low
price-over-cost markup ratios, and in overtime wages and overtime
employment. The industry-by-industry pattern of wage responsiveness is
not strongly related to industry export orientation or changes in
overall external orientation. Industries with low price overcost markups
and those with a less skilled workforce exhibit relatively larger
employment elasticities but lower wage elasticities. |
| URI: | http://hdl.handle.net/2451/26236 |
| Appears in Collections: | Economics Working Papers
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