Determinants of Negotiated Wage Increases: An Empirical Analysis
During the past decade, a considerable amount of econometric research has been devoted to the explanation of movements in wages. Most empirical studies have used a basic disequilibrium model, first suggested by Philips, in which the change in money wage rates is related to the level of unemployment. Statistical problems are briefly discussed in section 1 of the paper, and the main implications of our study for the aggregate Phillips Curve are given in Section 3.
Year of publication: |
1970-03
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Authors: | Sparks, Gordon R. ; Wilton, David A. |
Institutions: | Economics Department, Queen's University |
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