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

Jakob Madsen

    Research output: Contribution to journalArticle

    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.
    Original languageEnglish
    Pages (from-to)45-72
    JournalScottish Journal of Political Economy
    Volume56
    Issue number1
    DOIs
    Publication statusPublished - 2009

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