Regional Wage Inflation and Unemployment Dynamics in Great Britain
AbstractThis paper develops a two-equation model of the regional labor market in which wage inflation and unemployment rates are jointly endogenous variables. The model is tested on annual data for the ten standard regions of Great Britain over the 1971-85 period. In addition, an exploratory analysis of the factors associated with regional differences in wage rigidity is presented. Copyright 1992 by Scottish Economic Society.
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Bibliographic InfoPaper provided by Department of Economics, University of Lancaster in its series Working Papers with number ec20/90.
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Postal: Department of Economics The Management School Lancaster University Lancaster LA1 4YX UK
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- Hyclak, Thomas & Johnes, Geraint, 1992. "Regional Wage Inflation and Unemployment Dynamics in Great Britain," Scottish Journal of Political Economy, Scottish Economic Society, vol. 39(2), pages 188-200, May.
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- Peter Hayes, 2005. "Estimating UK regional price indices, 1974-96," Regional Studies, Taylor and Francis Journals, vol. 39(3), pages 333-344.
- Johnes, Geraint & Hyclak, Thomas J., 1995.
"The determinants of real wage flexibility,"
Elsevier, vol. 2(2), pages 175-185, June.
- Arne Heise, 1998. "Behindert das 'Modell Deutschland' den Tertiarisierungsprozess? Ein Vergleich mit Großbritannien," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 24(3), pages 331-352.
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