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

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Date

2009

Authors

Madsen, Jakob

Journal Title

Journal ISSN

Volume Title

Publisher

Blackwell Publishing Ltd

Abstract

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.

Description

Keywords

Keywords: income; labor; modeling; OECD; wage; Eurasia; Europe; North America; United States Mean-reversion of factor shares; Phillips curve; Wage curve

Citation

URI

http://hdl.handle.net/1885/19924

Collections

ANU Research Publications

Source

Scottish Journal of Political Economy

Type

Journal article

Book Title

Entity type

Access Statement

License Rights

DOI

10.1111/j.1467-9485.2009.00472.x

Restricted until

2037-12-31

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