This paper, which follows in an LSE tradition begun by Phillips and Sargan, examines the role of unemployment in … a variety of data sets as a check on the robustness of results, and 3) studies the effects of unemployment on the real … curve. The curve has a negative gradient at low levels of unemployment, but becomes horizontal at relatively high levels of …

Following Phillip's original work on the UK, applied research on unemployment and wages has been dominated by the … rate of unemployment. This 'wage curve' is found to have an elasticity of approximately -0.1. Contrary to the Phillips … Curve, no autoregression is found in wages. The paper casts doubt on standard ideas in macroeconomics, regional economics …

choices between alternatives. We study whether defaults can be used to increase insurance coverage against low …-probability/high-impact risks, like floods, and whether past flood insurance purchases and flooding experience moderate the effect of defaults. Our … study uses a naturally occurring difference in experience, comparing the surveyed flood insurance choices of 1 …

wage-setting mechanism is insufficiently responsive to the growth of unemployment and, second, there exists a well …-defined negative causal relationship from wages to employment with the features of a conventional labor demand function. Using … little support for the notion that trade union objectives are unaffected by unemployment as some versions of the quot …

manufacturing jobs have shrunk in number. In this paper, we characterize the wages that have accompanied the growth in retail. We …

literature for over thirty years. The wages and employment o typographers are examined to see whether they can be usefully … characterized as the outcome of a process by which the union maximizes an objective function containing wages and employment and is … wages and employment of these workers compared with our more general formulation …

This paper argues that rigid wages cannot provide the underpinnings of a universally valid theory of the business cycle …, simply because wages are not universally rigid. Several different statistical techniques suggest that wage rates in the U … greater flexibility in wages, these two countries also exhibit more stable employment behavior over the business cycle. In …