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The Dynamics of Labour's Income Shares and the Wage Curve-Phillips curve controversy

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Madsen, Jakob

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Based on a re-parameterised Blanchflower-Oswald model this paper uses long macro-data from the OECD countries to discriminate between the Philips curve and the wage curve and examines whether there are any differences in wage dynamics between Europe and the United States. The evidence gives support for the Phillips curve and shows that wage dynamics are no different between the United States and Europe.

dc.contributor.authorMadsen, Jakob
dc.date.accessioned2015-12-07T22:21:11Z
dc.identifier.issn0036-9292
dc.identifier.urihttp://hdl.handle.net/1885/19924
dc.description.abstractBased on a re-parameterised Blanchflower-Oswald model this paper uses long macro-data from the OECD countries to discriminate between the Philips curve and the wage curve and examines whether there are any differences in wage dynamics between Europe and the United States. The evidence gives support for the Phillips curve and shows that wage dynamics are no different between the United States and Europe.
dc.publisherBlackwell Publishing Ltd
dc.sourceScottish Journal of Political Economy
dc.subjectKeywords: income; labor; modeling; OECD; wage; Eurasia; Europe; North America; United States Mean-reversion of factor shares; Phillips curve; Wage curve
dc.titleThe Dynamics of Labour's Income Shares and the Wage Curve-Phillips curve controversy
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume56
dc.date.issued2009
local.identifier.absfor140207 - Financial Economics
local.identifier.ariespublicationu4351680xPUB10
local.type.statusPublished Version
local.contributor.affiliationMadsen, Jakob, College of Asia and the Pacific, ANU
local.description.embargo2037-12-31
local.bibliographicCitation.issue1
local.bibliographicCitation.startpage45
local.bibliographicCitation.lastpage72
local.identifier.doi10.1111/j.1467-9485.2009.00472.x
dc.date.updated2016-02-24T11:05:27Z
local.identifier.scopusID2-s2.0-59049102613
CollectionsANU Research Publications

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