Testing for a Structural Change in U.S. Wage Determination PDF Download
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Author: John W. Budd
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 30
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Book Description
Author: John W. Budd
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 30
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Book Description
Author:
Publisher:
ISBN:
Category : Labor productivity
Languages : en
Pages :
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Book Description
"This paper provides an empirical investigation into the determinants and stability of the aggregate wage inflation process in the United States over the 1967-2000 period. Using compensation per hour as the measure of wages, we specify a Phillips curve model that links wage growth to its past values as well as to the unemployment rate, price inflation, labor productivity growth, and an additional set of labor market variables. The results do not reject the hypothesis that real wages and labor productivity move proportionally inthe long run. More important, endogenous structural break tests provide little evidence ofmodel instability. We conclude that aggregate wage determination has remained stable overthe last thirty years and that any recent shift in the inflation-unemployment relationshipreflects developments outside the labor market"--Federal Reserve Bank of New York web site.
Author: Robert W. Rich
Publisher:
ISBN:
Category :
Languages : en
Pages : 48
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Book Description
This paper provides an empirical investigation into the determinants and stability of the aggregate wage inflation process in the United States over the 1967-2000 period. Using compensation per hour as the measure of wages, we specify a Phillips curve model that links wage growth to its past values as well as to the unemployment rate, price inflation, labor productivity growth, and an additional set of labor market variables. The results do not reject the hypothesis that real wages and labor productivity move proportionally in the long run. More important, endogenous structural break tests provide little evidence of model instability. We conclude that aggregate wage determination has remained stable over the last thirty years and that any recent shift in the inflation-unemployment relationship reflects developments outside the labor market.
Author: George William Taylor
Publisher: New York : McGraw-Hill
ISBN:
Category : Wages
Languages : en
Pages : 360
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Author: Frank Chase Ripley
Publisher:
ISBN:
Category : Industries
Languages : en
Pages : 104
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Author: Edward P. Lazear
Publisher: University of Chicago Press
ISBN: 0226470512
Category : Business & Economics
Languages : en
Pages : 473
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Book Description
The distribution of income, the rate of pay raises, and the mobility of employees is crucial to understanding labor economics. Although research abounds on the distribution of wages across individuals in the economy, wage differentials within firms remain a mystery to economists. The first effort to examine linked employer-employee data across countries, The Structure of Wages:An International Comparison analyzes labor trends and their institutional background in the United States and eight European countries. A distinguished team of contributors reveal how a rising wage variance rewards star employees at a higher rate than ever before, how talent becomes concentrated in a few firms over time, and how outside market conditions affect wages in the twenty-first century. From a comparative perspective that examines wage and income differences within and between countries such as Denmark, Italy, and the Netherlands, this volume will be required reading for economists and those working in industrial organization.
Author: Roy Louis Marx
Publisher:
ISBN:
Category :
Languages : en
Pages : 462
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Author: Lloyd George Reynolds
Publisher: New Haven : Yale University Press, 1956 [c1955]
ISBN:
Category : Business & Economics
Languages : en
Pages : 422
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Author: Yash Pal Mehra
Publisher:
ISBN:
Category :
Languages : en
Pages : 318
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Author: Richard Perlman
Publisher: Greenwood
ISBN:
Category : Business & Economics
Languages : en
Pages : 168
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