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Regional Wage Inflation and Unemployment Dynamics in Great Britain

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  • T. Hyclak & G. Johnes

Abstract

This 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 Info

Paper provided by Department of Economics, University of Lancaster in its series Working Papers with number ec20/90.

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Handle: RePEc:wuk:lanedp:ec20/90

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Postal: Department of Economics The Management School Lancaster University Lancaster LA1 4YX UK
Phone: +44 (0) 1524 594228
Fax: +44 (0) 1524 594244
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Web page: http://www.lums.lancs.ac.uk/econ/wkpap.htm
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Cited by:
  1. Johnes, Geraint & Hyclak, Thomas J., 1995. "The determinants of real wage flexibility," Labour Economics, Elsevier, vol. 2(2), pages 175-185, June.
  2. 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.
  3. Peter Hayes, 2005. "Estimating UK regional price indices, 1974-96," Regional Studies, Taylor & Francis Journals, vol. 39(3), pages 333-344.

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