Determinants of Negotiated Wage Increases: An Empirical Analysis
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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- 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.