Overtime Working, The Phillips Curve And The Wage Curve: British Engineering, 1926-66
AbstractThis paper shows that wage-unemployment elasticities derived from estimated wage curves and Phillips curves may be critically dependent on the measurement of wages. Incorporating hourly wage earnings that include the influence of overtime payments can lead to seriously distorted results. Meaningful elasticities are obtained only if hourly standard wages form the basis of analysis. Work is based on a unique data set describing two homogeneous blue-collar occupational groups-skilled fitters and unskilled labourers-in the British engineering industry. Each group is also divided into timeworkers and piece-rate workers. Data are aggregated into a panel of 28 local labour markets and cover the highly contrasting periods 1928-38 and 1954-66. Copyright 2003 Blackwell Publishing Ltd and The Victoria University of Manchester.
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Bibliographic InfoArticle provided by University of Manchester in its journal The Manchester School.
Volume (Year): 71 (2003)
Issue (Month): 2 (03)
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- Fumitaka Furuoka & Qaiser Munir & Hanafiah Harvey, 2013. "Does the Phillips curve exist in the Philippines?," Economics Bulletin, AccessEcon, vol. 33(3), pages 2001-2016.
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Documentos de trabajo - Analise Economica, IDEGA - Instituto Universitario de Estudios e Desenvolvemento de Galicia
0044, IDEGA - Instituto Universitario de Estudios e Desenvolvemento de Galicia.
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- Islam, Faridul & Shahbaz, Muhammad & Shabbir, Muhammad, 2011. "Phillips curve in a small open economy: A time series exploration of North Cyprus," MPRA Paper 28397, University Library of Munich, Germany.
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