Wall, Howard J. (contributor); Gylfi Zoega (contributor) - 2003 - [Elektronische Ressource]
between inflation and measures of labor-
market pressures – such as vacancies, unemployment, and employment growth – would … convex. To test for this convexity, we use state
unemployment rates and rates of growth of employment as our measures of … ww& is wage inflation, i0α is a
state fixed effect, itit NN& is employment growth, itu is the unemployment rate, and tet …