The dynamics of labour's income shares and the wage curve - Phillips curve controversy

Jakob B. Madsen

doi:10.1111/j.1467-9485.2009.00472.x

The dynamics of labour's income shares and the wage curve - Phillips curve controversy

Jakob B. Madsen

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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 language	English
Pages (from-to)	45-72
Number of pages	28
Journal	Scottish Journal of Political Economy
Volume	56
Issue number	1
DOIs	https://doi.org/10.1111/j.1467-9485.2009.00472.x
Publication status	Published - 4 Feb 2009

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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.",

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The dynamics of labour's income shares and the wage curve - Phillips curve controversy

Abstract

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