“...In Chapter 2 of The General Theory of Employment, Interest, and Money (1936), John Maynard Keynes put forward an assumption of downward rigidity in nominal...”

“...‘Multigenerational mobility’ refers to the associations in socio‐economic status across three or more generations. This article begins by summarising the...”

“...Following an influential article by Angrist and Krueger (1992) on two-sample instrumental variables (TSIV) estimation, numerous empirical researchers have...”

“...International studies of the extent to which economic status is passed from one generation to the next are important for at least two reasons. First, each...”

“...For more than 80 years, many macroeconomic analyses have been premised on the assumption that workers' nominal wage rates cannot be cut. Contrary evidence from...”

“...A dominant trend in recent modeling of labor market fluctuations is to treat unemployment inflows as acyclical. This trend has been encouraged by recent...”

“...Rigidity in real hiring wages plays a crucial role in some recent macroeconomic models. But are hiring wages really so noncyclical? We propose using...”

“...This note examines the implications of mean-reverting measurement error for two influential literatures based on longitudinal survey data: (1) the literature...”

“...Researchers in a variety of important economic literatures have assumed that current income variables as proxies for lifetime income variables follow the...”