Comment on "The long-run determinants of UK wages, 1860-2004"

被引:1
|
作者
Nielsen, Heino Bohn [1 ]
机构
[1] Univ Copenhagen, Dept Econ, DK-1455 Copenhagen, Denmark
关键词
Long-run; Wage determination; Phillips curve;
D O I
10.1016/j.jmacro.2007.10.002
中图分类号
F [经济];
学科分类号
02 ;
摘要
This comment discusses the presence of Phillips-curve effects for the UK, 1860 2004. A reconsideration of the empirical evidence in Castle and Hendry (2009) seems to suggest different functional relationships between wage inflation and unemployment for different periods. We conclude that the role of unemployment may have changed over time - but it has certainly not disappeared. (C) 2007 Elsevier Inc. All rights reserved.
引用
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页码:29 / 34
页数:6
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