Paper
“Why
Does Trend Growth Affect Equilibrium
Employment? A New Explanation of an Old
Puzzle” by Michael W.L. Elsby and Matthew D.
Shapiro,
revised May 2011. American
Economic Review 102(4) (2012) 1378–1413. PDF
file, On-line
Appendix. Previously circulated as "Stepping Off
the Wage
Escalator: The Effects of Wage Growth on
Equilibrium Employment."
Dataset users
guide. README
Data: This ZIPFILE contains data
and programs for the paper. They are
organized in subdirectories by figure. The file is
large--approximately 0.5GB. (If does not download
or open on click, try right clicking and "save link as.")