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The Changing Relationship between Productivity, Wages and Unemployment in the UK

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Author Info
Alexander, Carol O

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Abstract

This paper uses time-series methods to analyze the changing relationship between unemployment, real wages, and productivity. Most economic models of the labor market, such as bargaining, search, contract, and efficiency wage theories, justify a relationship between these three variables. Only insider-outsider models cast doubt on any relationship at all between unemployment and wages. Copyright 1993 by Blackwell Publishing Ltd

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Publisher Info
Article provided by Department of Economics, University of Oxford in its journal Oxford Bulletin of Economics & Statistics.

Volume (Year): 55 (1993)
Issue (Month): 1 (February)
Pages: 87-102
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Handle: RePEc:bla:obuest:v:55:y:1993:i:1:p:87-102

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0305-9049

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This page was last updated on 2009-12-19.

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