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Author : Markus Pannenberg
Publisher :
ISBN 13 :
Total Pages : 13 pages
Book Rating : 4.:/5 (76 download)
Download or read book "Phillips Curve" Or "Wage Curve": Is There Really a Puzzle? written by Markus Pannenberg and published by . This book was released on 1998 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David G. Blanchflower
Publisher : MIT Press
ISBN 13 : 9780262023757
Total Pages : 504 pages
Book Rating : 4.0/5 (237 download)
Download or read book The Wage Curve written by David G. Blanchflower and published by MIT Press. This book was released on 1994 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Wage Curve casts doubt on some of the most important ideas in macroeconomics, labor economics, and regional economics. According to macroeconomic orthodoxy, there is a relationship between unemployment and the rate of change of wages. According to orthodoxy in labor economics and regional economics an area's wage is positively related to the amount of joblessness in the area. The Wage Curve suggests that both these beliefs are incorrect. Blanchflower and Oswald argue that the stable relationship is a downward-sloping convex curve linking local unemployment and the level of pay. Their study, one of the most intensive in the history of social science, is based on random samples that provide computerized information on nearly four million people from sixteen countries. Throughout, the authors systematically present evidence and possible explanations for their empirical law of economics.
Author : John M. Roberts
Publisher :
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.E/5 ( download)
Download or read book The Wage Curve and the Phillips Curve written by John M. Roberts and published by . This book was released on 1997 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Christoph Hilbert
Publisher : Logos Verlag Berlin GmbH
ISBN 13 : 3832520465
Total Pages : 242 pages
Book Rating : 4.8/5 (325 download)
Download or read book Unemployment, Wages, and the Impact of Active Labour Market Policies in a Regional Perspective written by Christoph Hilbert and published by Logos Verlag Berlin GmbH. This book was released on 2008 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: Labour markets within countries vary in their performance. Some regions suffer from labour shortages, while others are faced with high unemployment figures. Furthermore structure and qualification of the workforce differs, and real wage patterns show diverging pictures between and within regions. Based on these empirical facts this study sheds some light on the wage unemployment relation and the impact active labour market policies has on this. Basic assumption is that market imperfections lead to unemployment in regional labour markets, partly owing to region-specific wage structures, and that active labour market policies can alleviate this problem. Five aspects are focused: The interaction of regional unemployment and wages based on the wage curve, the question how qualification patterns influence the regional wage level, the effectiveness of regional labour market policies, the impact of these policies on regional wage-setting, and the impact of employment service performance on real wages.
Author : Mr.Douglas Laxton
Publisher : International Monetary Fund
ISBN 13 : 1451853424
Total Pages : 38 pages
Book Rating : 4.4/5 (518 download)
Download or read book Is the Phillips Curve Really a Curve? Some Evidence for Canada, the United Kingdom, and the United States written by Mr.Douglas Laxton and published by International Monetary Fund. This book was released on 1996-10-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Previous tests for convexity in the Phillips curve have been biased because researchers have employed filtering techniques for the NAIRU that have been fundamentally inconsistent with the existence of convexity. This paper places linear and nonlinear models of the Phillips curve on an equal statistical footing by estimating model-consistent measures of the NAIRU. After imposing plausible restrictions on the variability in the NAIRU we find that the nonlinear model fits the data best. The implications for the macroeconomic policy debate is that policymakers that are unsuccessful in stabilizing the business cycle will induce a higher natural rate of unemployment.
Author : Karl Brunner
Publisher : North-Holland
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.3/5 (91 download)
Download or read book The Phillips Curve and Labor Markets written by Karl Brunner and published by North-Holland. This book was released on 1976 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Carl M. Campbell (III.)
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.:/5 (79 download)
Download or read book An Efficiency Wage Model of the Wage Curve, the Phillips Curve, and the Natural Rate of Unemployment written by Carl M. Campbell (III.) and published by . This book was released on 1997 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David Edward Card
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.E/5 ( download)
Download or read book The Wage Curve written by David Edward Card and published by . This book was released on 1995 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Karl Whelan
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.E/5 ( download)
Download or read book Wage Curve Vs. Phillips Curve written by Karl Whelan and published by . This book was released on 1997 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Johannes Jakobus Graafland
Publisher :
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.3/5 ( download)
Download or read book From Phillips Curve to Wage Curve written by Johannes Jakobus Graafland and published by . This book was released on 1992 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Angela J. Black
Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.:/5 (365 download)
Download or read book The Wage Curve Versus the Phillips Curve written by Angela J. Black and published by . This book was released on 1997 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Peter B. Clark
Publisher : International Monetary Fund
ISBN 13 : 145184350X
Total Pages : 51 pages
Book Rating : 4.4/5 (518 download)
Download or read book Phillips Curves, Phillips Lines and the Unemplyment Costs of Overheating written by Mr.Peter B. Clark and published by International Monetary Fund. This book was released on 1997-02-01 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most empirical work on the U.S. Phillips curve has had a strong tendency to impose global linearity on the data. The basic objective of this paper is to reconsider the issue of nonlinearity and to underscore its importance for policymaking. After briefly reviewing the history of the Phillips curve and the basis for convexity, we derive it explicitly using standard models of wage and price determination. We provide some empirical estimates of Phillips curves and Phillips lines for the United States and use some illustrative simulations to contrast the policy implications of the two models.
Author : George M. Korres
Publisher : Springer Science & Business Media
ISBN 13 : 3790819247
Total Pages : 314 pages
Book Rating : 4.7/5 (98 download)
Download or read book Regionalisation, Growth, and Economic Integration written by George M. Korres and published by Springer Science & Business Media. This book was released on 2007-08-27 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses the process of regionalisation and plots its future development. Regionalisation is a common feature of the changing territorial organisation of European states today. Regionalisation alone, however, cannot produce any of the benefits attributed to it without looking into the conditions in which it occurs. Bringing together theory and empirical applications, coverage examines a host of these conditions.
Author : James Forder
Publisher : Oxford University Press, USA
ISBN 13 : 0199683654
Total Pages : 321 pages
Book Rating : 4.1/5 (996 download)
Download or read book Macroeconomics and the Phillips Curve Myth written by James Forder and published by Oxford University Press, USA. This book was released on 2014 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reconsiders the role of the Phillips curve in macroeconomic analysis in the first twenty years following the famous work by A. W. H. Phillips, after whom it is named. It argues that the story conventionally told is entirely misleading. In that story, Phillips made a great breakthrough but his work led to a view that inflationary policy could be used systematically to maintain low unemployment, and that it was only after the work of Milton Friedman and Edmund Phelps about a decade after Phillips' that this view was rejected. On the contrary, a detailed analysis of the literature of the times shows that the idea of a negative relation between wage change and unemployment - supposedly Phillips' discovery - was commonplace in the 1950s, as were the arguments attributed to Friedman and Phelps by the conventional story. And, perhaps most importantly, there is scarcely any sign of the idea of the inflation-unemployment tradeoff promoting inflationary policy, either in the theoretical literature or in actual policymaking. The book demonstrates and identifies a number of main strands of the actual thinking of the 1950s, 1960s, and 1970s on the question of the determination of inflation and its relation to other variables. The result is not only a rejection of the Phillips curve story as it has been told, and a reassessment of the understanding of the economists of those years of macroeconomics, but also the construction of an alternative, and historically more authentic account, of the economic theory of those times. A notable outcome is that the economic theory of the time was not nearly so naive as it has been portrayed.
Author : Karl Whelan
Publisher :
ISBN 13 :
Total Pages : 19 pages
Book Rating : 4.:/5 (92 download)
Download or read book Wage Curve Versus Phillips Curve written by Karl Whelan and published by . This book was released on 1997 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Andrew Newell
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.E/5 ( download)
Download or read book The Phillips Curve is a Real Wage Equation written by Andrew Newell and published by . This book was released on 1986 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Yasser Abdih
Publisher : International Monetary Fund
ISBN 13 : 1484363574
Total Pages : 34 pages
Book Rating : 4.4/5 (843 download)
Download or read book Understanding U.S. Wage Dynamics written by Mr.Yasser Abdih and published by International Monetary Fund. This book was released on 2018-06-15 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we undertake empirical analysis to understand U.S. wage behavior since the beginning of the new millennium. At the macroeconomic level, we find that a productivity-augmented Phillips curve model explains the data fairly well. The model reveals that the upward pressure on wage growth from recent tightening in the labor market has been dampened by a persistent decline in trend labor productivity growth and the share of income that accrues to labor. These themes are reinforced and complemented at the micro-economic level. Lower regional unemployment puts an upward pressure on wages of individuals, although this effect has become weaker since 2008. But there is downward pressure on wages for individuals with occupations that are exposed to automation and offshoring, and in industries with a higher concentration of large firms. All these factors appear to play a role illustrating why it is difficult to single out any one culprit for the observed wage growth moderation.
