This paper examines the stability of the wage inflation process in Britain and America from 1892 to 1991. Utilizing a simple model of the aggregate labor market that treats wage inflation and the annual change in the unemployment rate as jointly endogenous variables, we find no evidence of...

In this paper we evaluate the extent to which changes over time in women's labour market destinations are due to characteristics, on the one hand, and prices, on the other. Multinomial and nested logit methods are used to analyse US data for 1970 and 1990, and the results are compared. The...