Elgin, Ceyhun; Kuzubas, Tolga Umut - Institut für Weltwirtschaft (IfW) - 2013
economies. Based on the neoclassical tradition, the ratio of the marginal product of labor to real wages is generally defined as … manufacturing sector in OECD economies and investigate its relation to the unemployment rate along with other variables such as … and significantly positive response to shocks to the unemployment rate and negative response to shocks to unionization. …