tag:blogger.com,1999:blog-38545607.post5550148087560783646..comments2024-03-09T10:26:48.789+00:00Comments on economics, psychology, policy: More Nominal Wage RigidityEmma Watsonhttp://www.blogger.com/profile/11466193733741012673noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-38545607.post-79681514525263126852011-12-16T20:32:53.961+00:002011-12-16T20:32:53.961+00:00It could be just insider power or an efficiency wa...It could be just insider power or an efficiency wage type story. I don't know how much wages in construction are subject to collective bargaining.Kevin Dennyhttps://www.blogger.com/profile/17891633553910348880noreply@blogger.comtag:blogger.com,1999:blog-38545607.post-4718580828313703662011-12-16T00:34:25.829+00:002011-12-16T00:34:25.829+00:00I was thinking purely about quantity v level choic...I was thinking purely about quantity v level choices within sectors facing different conditions but that does seem to be the case with relativities. That makes it all the more curious.Daniel Davishttps://www.blogger.com/profile/04255263013725117899noreply@blogger.comtag:blogger.com,1999:blog-38545607.post-39844492758898600612011-12-15T20:12:00.412+00:002011-12-15T20:12:00.412+00:00Thats very interesting. So what you are suggesting...Thats very interesting. So what you are suggesting, I think, is that wage relativities across sectors are largely maintained during the recession - all the adjustment is in quantity.Kevin Dennyhttps://www.blogger.com/profile/17891633553910348880noreply@blogger.com