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The Allocation of Non-Leisure Time and the Price of Capital : A Model Applied Empirically to the Wage Curve
Gerba, Eddie - 2014
market activities over the business cycle are primarily accommodated by changes in employment rather than in wages and …
Persistent link: https://www.econbiz.de/10012708771
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Modelling Shifts in the Wage-Price and Unemployment-Inflation Relationships in Italy, Poland, and the UK
Marcellino, Massimiliano Giuseppe; Mizon, Grayham E. - 2014
The relationship between wages, prices, productivity, inflation, and unemployment in Italy, Poland, and the UK between …
Persistent link: https://www.econbiz.de/10014201759
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The effects of public sector employment on the economy : the size and wage level of the public sector affect overall employment volatility and the economy
Caponi, Vincenzo - 2017
Public sector jobs are created because governments opt to provide goods and services produced directly by public … public wages are determined. Rigid public sector wages lead to perverse effects on private employment, while flexible public … wages lead to a stabilizing effect. Public employment also has important productivity and redistributive effects. …
Persistent link: https://www.econbiz.de/10011664993
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Why did Britain's households get richer? : decomposing UK household income growth between 1968 and 2008-09
Brewer, Mike; Wren-Lewis, Liam - 2012
Average real UK household income has almost doubled over the past forty years. With four decades of micro-data on household incomes, and relatively simple decomposition methods, we document the contribution to this growth in the mean net household income of working-age households from different...
Persistent link: https://www.econbiz.de/10009528831
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Employer Learning and Schooling-Related Statistical Discrimination in Britain
Galindo-Rueda, Fernando - 2021
This paper develops and tests a new model of asymmetric information in the labour market involving employer learning. In the model, I provide theoretical conditions for the identification - based on the experience and tenure profiles of estimated returns to ability and education - of employer...
Persistent link: https://www.econbiz.de/10013319931
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Economic Theory and Econometric Dynamics in Modelling Wages and Prices in the United Kingdom
Bardsen, Gunnar; Fisher, Paul - 1999
We show that a "competing claims" model of imperfect competition can explain the movements of wages and prices in the …
Persistent link: https://www.econbiz.de/10014184334
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The wage curve : an entry written for the new palgrave, 2nd edition
Blanchflower, David G. (contributor);  … - 2006
This paper summarizes evidence for the existence of a wage curve a downward-sloping relationship between the level of pay and the local unemployment rate in modern micro data. At the time of writing, the curve has been found in 40 nations. Its elasticity is approximately -0.1. -- wage...
Persistent link: https://www.econbiz.de/10003391949
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Twenty-five years of income inequality in Britain : the role of wages, household earnings and redistribution
Cribb, Jonathan; Joyce, Robert; Wernham, Thomas - 2022
We study earnings and income inequality in Britain over the 25 years prior to the COVID-19 pandemic. We focus on the middle 90% of the income distribution, within which the gap between top and bottom in 2019-20 was essentially the same as a quarter-century earlier. We show that this apparent...
Persistent link: https://www.econbiz.de/10013167640
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The Labour Market in a Keynesian Economic Regime : Theoretical Debate and Empirical Findings
Herr, Hansjörg - 2010
In a Keynesian mode of thinking wages become the nominal anchor for the price level because unit-labour costs in a … and anti-cyclical fiscal policy. Since the early 1990s nominal wages in the USA and the UK have followed this wage norm to … a large extent. But in Germany, wages have increased below this norm or even decreased, and in Japan this effect has …
Persistent link: https://www.econbiz.de/10013151089
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Adjusting Wages for Price Inflation : The Rational-Arrangements Phillips Curve
Annable, James - 2007
A model of nominal labor-price dynamics is derived from the choice of an efficient strategy to adjust wages for …
Persistent link: https://www.econbiz.de/10012728533