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Determinants of Negotiated Wage Increases: An Empirical Analysis

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  • Sparks, Gordon R
  • Wilton, David A

Abstract

During the past decade, a considerable amount of econometric research has been devoted to the explanation of movements in wages. Most empirical studies have used a basic disequilibrium model, first suggested by Philips, in which the change in money wage rates is related to the level of unemployment. Statistical problems are briefly discussed in section 1 of the paper, and the main implications of our study for the aggregate Phillips Curve are given in Section 3.
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  • Sparks, Gordon R & Wilton, David A, 1971. "Determinants of Negotiated Wage Increases: An Empirical Analysis," Econometrica, Econometric Society, vol. 39(5), pages 739-750, September.
    • Handle: RePEc:ecm:emetrp:v:39:y:1971:i:5:p:739-50
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    References listed on IDEAS

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    1. A. W. Phillips, 1958. "The Relation Between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957," Economica, London School of Economics and Political Science, vol. 25(100), pages 283-299, November.
    2. de Menil, George, 1969. "Nonlinearity in a Wage Equation for United States Manufacturing," The Review of Economics and Statistics, MIT Press, vol. 51(2), pages 202-206, May.
    3. Otto Eckstein & Thomas A. Wilson, 1962. "The Determination of Money Wages in American Industry," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 76(3), pages 379-414.
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    Cited by:

    1. Louis Christofides & Amy Chen Peng, 2007. "Real Wage Chronologies," CESifo Working Paper Series 2096, CESifo.
    2. Frank Reid, 1980. "Unemployment and Inflation: An Assessment of Canadian Macroeconomic Policy," Canadian Public Policy, University of Toronto Press, vol. 6(2), pages 283-299, Spring.
    3. Amy Peng & Louis N. Christofides, 2009. "Real Wage Chronology," Working Papers 011, Toronto Metropolitan University, Department of Economics.
    4. David G. Blanchflower & Andrew J. Oswald & Peter Sanfey, 1996. "Wages, Profits, and Rent-Sharing," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 111(1), pages 227-251.
    5. Lacroix, Robert & Dussault, François, 1979. "La grève : ses facteurs déterminants et son effet sur les hausses de salaire. Une synthèse critique," L'Actualité Economique, Société Canadienne de Science Economique, vol. 55(4), pages 545-567, octobre.
    6. Peter Chalos & Joseph Cherian & Dawn Harris, 1991. "Financial disclosure effects on labor contracts: A Nash analysis," Contemporary Accounting Research, John Wiley & Sons, vol. 7(2), pages 431-448, March.
    7. J.C.R. Rowley & D.A. Wilton, 1971. "Quarterly Models of Wage Determination: Some New Efficient Estimates," Working Paper 51, Economics Department, Queen's University.
    8. Stephen Blumenfeld & Andres G. Victorio, 2012. "Union wages, strikes and profits," Applied Economics Letters, Taylor & Francis Journals, vol. 19(6), pages 517-520, April.
    9. J. C. R. Rowley & D. A. Wilton, 1973. "The Empirical Sensitivity of the Phillips Curve," The American Economist, Sage Publications, vol. 17(2), pages 90-112, October.
    10. Joan Daouli & Michael Demoussis & Nicholas Giannakopoulos & Ioannis Laliotis, 2016. "The 2011 Industrial Relations Reform and Nominal Wage Adjustments in Greece," Journal of Labor Research, Springer, vol. 37(4), pages 460-483, December.
    11. F. J. Reid, 1976. "Canadian Wage and Price Controls," Canadian Public Policy, University of Toronto Press, vol. 2(1), pages 103-112, Winter.

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