An understanding of the determination of real wages is crucial in analysing the determination of the natural rate of unemployment or NAIRU. Uses cointegration techniques to examine a core theoretical model of the long-run determinants of real wages involving unit labour costs, unemployment,...

An understanding of the determination of real wages is crucial in analysing the determination of the natural rate of unemployment or NAIRU. Uses cointegration techniques to examine a core theoretical model of the long‐run determinants of real wages involving unit labour costs, unemployment,...

"Schematic and predictable within standard Marxist framework, but brings together material from numerous secondary sources about labor history. Offers more detail for years after 1929 and role of PTN. Relies heavily on Pérez Bermúdez and Guevara López's, El movimiento obrero en Nicaragua (see...