{"id":"https://openalex.org/W2928137449","doi":"https://doi.org/10.17016/feds.2019.021","title":"Do Greasy Wheels Curb Inequality?","display_name":"Do Greasy Wheels Curb Inequality?","publication_year":2019,"publication_date":"2019-03-01","ids":{"openalex":"https://openalex.org/W2928137449","doi":"https://doi.org/10.17016/feds.2019.021","mag":"2928137449"},"language":"en","primary_location":{"id":"doi:10.17016/feds.2019.021","doi":"https://doi.org/10.17016/feds.2019.021","is_oa":true,"landing_page_url":"https://doi.org/10.17016/feds.2019.021","pdf_url":null,"source":{"id":"https://openalex.org/S4210212089","display_name":"Finance and Economics Discussion Series","issn_l":"1936-2854","issn":["1936-2854","2767-3898"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"public-domain","license_id":"https://openalex.org/licenses/public-domain","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Finance and Economics Discussion Series","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://doi.org/10.17016/feds.2019.021","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5047232264","display_name":"Cynthia L. Doniger","orcid":"https://orcid.org/0000-0003-3984-3008","observed_orcids":["https://orcid.org/0000-0003-3984-3008"]},"institutions":[{"id":"https://openalex.org/I1317239608","display_name":"Federal Reserve","ror":"https://ror.org/05fk5tr28","country_code":"US","type":"other","lineage":["https://openalex.org/I1317239608"]},{"id":"https://openalex.org/I2802905149","display_name":"Federal Reserve Board of Governors","ror":"https://ror.org/00v448643","country_code":"US","type":"government","lineage":["https://openalex.org/I1317239608","https://openalex.org/I2802905149"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Cynthia L. Doniger","raw_affiliation_strings":["Board of Governors of the Federal Reserve System (U.S.)"],"raw_orcid":"https://orcid.org/0000-0003-3984-3008","affiliations":[{"raw_affiliation_string":"Board of Governors of the Federal Reserve System (U.S.)","institution_ids":["https://openalex.org/I1317239608","https://openalex.org/I2802905149"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5047232264"],"corresponding_institution_ids":["https://openalex.org/I1317239608","https://openalex.org/I2802905149"],"apc_list":null,"apc_paid":null,"fwci":2.378,"has_fulltext":false,"cited_by_count":9,"citation_normalized_percentile":{"value":0.89611734,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":96},"biblio":{"volume":"2019.0","issue":"21","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.8192999958992004,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.8192999958992004,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10208","display_name":"Labor market dynamics and wage inequality","score":0.15880000591278076,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.010599999688565731,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/wage-inequality","display_name":"wage inequality","score":0.6830000281333923},{"id":"https://openalex.org/keywords/employment-inequality","display_name":"employment inequality","score":0.8659999966621399},{"id":"https://openalex.org/keywords/educational-attainment","display_name":"educational attainment","score":0.8040000200271606},{"id":"https://openalex.org/keywords/business-cycles","display_name":"business cycles","score":0.5249999761581421},{"id":"https://openalex.org/keywords/monetary-policy-shocks","display_name":"monetary policy shocks","score":0.9210000038146973},{"id":"https://openalex.org/keywords/wage-rigidity","display_name":"wage rigidity","score":0.8209999799728394},{"id":"https://openalex.org/keywords/new-keynesian-model","display_name":"New Keynesian model","score":0.8889999985694885},{"id":"https://openalex.org/keywords/welfare-loss","display_name":"welfare loss","score":0.6850000023841858}],"concepts":[{"id":"https://openalex.org/C196345963","wikidata":"https://www.wikidata.org/wiki/Q4175604","display_name":"Allocative efficiency","level":2,"score":0.9129613637924194},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8653610944747925},{"id":"https://openalex.org/C2777388388","wikidata":"https://www.wikidata.org/wiki/Q6821213","display_name":"Wage","level":2,"score":0.6640920042991638},{"id":"https://openalex.org/C774472","wikidata":"https://www.wikidata.org/wiki/Q6760393","display_name":"Margin (machine learning)","level":2,"score":0.6607732772827148},{"id":"https://openalex.org/C145236788","wikidata":"https://www.wikidata.org/wiki/Q28161","display_name":"Labour economics","level":1,"score":0.630855917930603},{"id":"https://openalex.org/C100243477","wikidata":"https://www.wikidata.org/wiki/Q12002092","display_name":"Welfare","level":2,"score":0.6278277635574341},{"id":"https://openalex.org/C45555294","wikidata":"https://www.wikidata.org/wiki/Q28113351","display_name":"Inequality","level":2,"score":0.5704439878463745},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.5583213567733765},{"id":"https://openalex.org/C10688316","wikidata":"https://www.wikidata.org/wiki/Q936174","display_name":"New Keynesian economics","level":3,"score":0.534069836139679},{"id":"https://openalex.org/C2994086107","wikidata":"https://www.wikidata.org/wiki/Q5055020","display_name":"Wage inequality","level":3,"score":0.5211018323898315},{"id":"https://openalex.org/C189326681","wikidata":"https://www.wikidata.org/wiki/Q10294","display_name":"Poverty","level":2,"score":0.43538734316825867},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.2626519501209259},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.08323848247528076},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.0},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.17016/feds.2019.021","doi":"https://doi.org/10.17016/feds.2019.021","is_oa":true,"landing_page_url":"https://doi.org/10.17016/feds.2019.021","pdf_url":null,"source":{"id":"https://openalex.org/S4210212089","display_name":"Finance and Economics Discussion Series","issn_l":"1936-2854","issn":["1936-2854","2767-3898"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"public-domain","license_id":"https://openalex.org/licenses/public-domain","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Finance and Economics Discussion Series","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:fip:fedgfe:2019-21","doi":null,"is_oa":false,"landing_page_url":"https://www.federalreserve.gov/econres/feds/files/2019021pap.pdf","pdf_url":"https://www.federalreserve.gov/econres/feds/files/2019021pap.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"mag:3122122617","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/RePEc:fip:fedgfe:2019-21","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null}],"best_oa_location":{"id":"doi:10.17016/feds.2019.021","doi":"https://doi.org/10.17016/feds.2019.021","is_oa":true,"landing_page_url":"https://doi.org/10.17016/feds.2019.021","pdf_url":null,"source":{"id":"https://openalex.org/S4210212089","display_name":"Finance and Economics Discussion Series","issn_l":"1936-2854","issn":["1936-2854","2767-3898"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"public-domain","license_id":"https://openalex.org/licenses/public-domain","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Finance and Economics Discussion Series","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.9629999995231628,"id":"https://metadata.un.org/sdg/10","display_name":"Reduced inequalities"},{"score":0.9211000204086304,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"},{"score":0.666700005531311,"id":"https://metadata.un.org/sdg/1","display_name":"No poverty"},{"score":0.5,"id":"https://metadata.un.org/sdg/4","display_name":"Quality education"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":35,"referenced_works":["https://openalex.org/W1533242215","https://openalex.org/W1535138324","https://openalex.org/W1537564206","https://openalex.org/W1545105516","https://openalex.org/W1553781990","https://openalex.org/W1823306039","https://openalex.org/W1965354772","https://openalex.org/W2035131493","https://openalex.org/W2037057424","https://openalex.org/W2062510012","https://openalex.org/W2067094520","https://openalex.org/W2069634547","https://openalex.org/W2075427517","https://openalex.org/W2112137032","https://openalex.org/W2117178635","https://openalex.org/W2118783496","https://openalex.org/W2134843322","https://openalex.org/W2134847720","https://openalex.org/W2135860498","https://openalex.org/W2157823080","https://openalex.org/W2160989467","https://openalex.org/W2170568085","https://openalex.org/W2190745640","https://openalex.org/W2264825150","https://openalex.org/W2405623620","https://openalex.org/W2614629730","https://openalex.org/W2617957753","https://openalex.org/W2622104484","https://openalex.org/W2889995387","https://openalex.org/W2892380640","https://openalex.org/W3023274331","https://openalex.org/W3121348094","https://openalex.org/W3123871388","https://openalex.org/W3125101915","https://openalex.org/W3125175487"],"related_works":["https://openalex.org/W3139230960","https://openalex.org/W7126374383","https://openalex.org/W4389125310","https://openalex.org/W4387384795","https://openalex.org/W1555535394","https://openalex.org/W4413012694","https://openalex.org/W7113289536","https://openalex.org/W7125913437","https://openalex.org/W7099572732","https://openalex.org/W4411979983"],"abstract_inverted_index":{"I":[0,53,108],"document":[1],"a":[2,30,113],"disparity":[3],"in":[4,112,129],"the":[5,8,56,80,84,89,139,155],"cyclicality":[6],"of":[7,24,62,138],"allocative":[9,37,66],"wage-the":[10],"labor":[11],"costs":[12],"considered":[13],"when":[14],"deciding":[15],"to":[16,58,75,133],"form":[17],"or":[18,33],"dissolve":[19],"an":[20,36],"employment":[21,64,81,102],"relationship-across":[22],"levels":[23],"educational":[25],"attainment.":[26],"Specifically,":[27],"workers":[28],"with":[29],"bachelors":[31],"degree":[32],"more":[34,85],"exhibit":[35,47],"wage":[38,90,106,122],"that":[39,96,117,126,135],"is":[40,95,152],"highly":[41],"pro-cyclical":[42],"while":[43,83],"high":[44],"school":[45],"dropouts":[46],"no":[48],"statistically":[49],"discernible":[50],"cyclical":[51],"pattern.":[52],"also":[54],"assess":[55],"response":[57],"monetary":[59,76,98],"policy":[60,77,99],"shocks":[61,78],"both":[63],"and":[65,120,124,141],"wages":[67],"across":[68],"education":[69],"groups.":[70],"The":[71,148],"less":[72],"educated":[73,86],"respond":[74,87],"on":[79,88],"margin":[82],"margin.":[91],"An":[92],"important":[93],"takeaway":[94],"conventional":[97],"easing":[100],"reduces":[101],"inequality":[103],"but":[104],"increases":[105],"inequality.":[107],"embed":[109],"these":[110],"findings":[111],"New":[114],"Keynesian":[115],"framework":[116],"includes":[118],"price":[119],"heterogeneous":[121],"rigidity":[123],"show":[125],"heterogeneity":[127],"results":[128],"welfare":[130,150],"losses":[131],"due":[132],"fluctuations":[134],"exceed":[136],"those":[137],"output-gap":[140],"p":[142],"rice-level":[143],"equivalent":[144],"representative":[145],"agent":[146],"economy.":[147],"excess":[149],"loss":[151],"borne":[153],"by":[154],"least":[156],"educated.":[157]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":2},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":2}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2019-04-11T00:00:00"}
