Source: DiCecio, Riccardo  

Release: Sticky Wages and Sectoral Labor Comovement  

Units:  Index 2017=1, Seasonally Adjusted

Frequency:  Quarterly

Relative price of equipment is calculated as equipment deflator (https://fred.stlouisfed.org/series/EDEF) divided by consumption deflator (https://fred.stlouisfed.org/series/CONSDEF).

For additional details see: R. DiCecio (2009). "Sticky wages and sectoral labor comovement," Journal of Economic Dynamics and Control, 33(3): 538-53. (http://dx.doi.org/10.1016/j.jedc.2008.08.003).