This note examines how the DEM/USD rate and US short-term and long-term interest rates respond to the release of payroll announcements. In contrast to a recent paper by Edison (1997), who employs a linear econometric model, we test the influence of news by comparing the absolute values of the...

The lack of comprehensive, international comparable wage data has been deplored for decades and has constrained the empirical analysis of wage growth and inequality. This is the case although, since 1924, the International Labor Organization (ILO) has conducted an October Inquiry to obtain data...