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UK population growth over the past thirty-five years has been remarkably low in comparison with other countries; the population grew by just 7% between 1971 and 2004, less than all the other EU15 countries. The UK population has grown at a faster pace since the turn of the millennium. Both the...
Persistent link: https://www.econbiz.de/10012465140
rate, and appears to be untrended in both countries. Union wages are sticky. c) The size of the wage gap varies across …
Persistent link: https://www.econbiz.de/10012472714
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 …
Persistent link: https://www.econbiz.de/10012474149
This paper, which follows in an LSE tradition begun by Phillips and Sargan, examines the role of unemployment in shaping pay. In contrast to most of the literature, it 1) uses microeconometric data on individuals and workplaces 2) examines a variety of data sets as a check on the robustness of...
Persistent link: https://www.econbiz.de/10012475860