というNBER論文が上がっている(H/T タイラー・コーエン;ungated版)。原題は「Extraordinary Labor Market Developments and the 2022-23 Disinflation」で、著者はSteven J. Davis(スタンフォード大)。 以下はungated版からの引用。 To summarize, two extraordinary labor market developments exerted unusual restraints on wage growth (and other labor-related costs) in recent years. First, a rebound in the labor force participation rate raised labor supply and restrain