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Real Wages and the Business Cycle in Australia

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  • Sheen, J.

Abstract

A wide range of macroeconomic and microeconomic theories are surveyed with particular regard to their prediction on the cyclicality of real wages. After appropriate removal of the non-stationary components of the time series involved, econometric tests are undertaken which show that Australian real wages are procyclical.

Suggested Citation

  • Sheen, J., 1990. "Real Wages and the Business Cycle in Australia," Working Papers 142, University of Sydney, School of Economics.
    • Handle: RePEc:syd:wpaper:2123/7404
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