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.
|Number of pages||28|
|Journal||Scottish Journal of Political Economy|
|Publication status||Published - 4 Feb 2009|