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Most economists maintain that the labor market in the United States is 'tight' because unemployment rates are low. They …, prior to that, real wages had been stagnant for some time. We show that unemployment is not key to understanding wage …
Persistent link: https://www.econbiz.de/10013361977
self-employment rate and the unemployment rate. It is also shown that the self-employed are more satisfied with their jobs …
Persistent link: https://www.econbiz.de/10012471290
Following Phillip's original work on the UK, applied research on unemployment and wages has been dominated by the … rate of unemployment. This 'wage curve' is found to have an elasticity of approximately -0.1. Contrary to the Phillips …
Persistent link: https://www.econbiz.de/10012474149
regional (or industry) unemployment. This "wage curve" is estimated using microeconomic data for Britain, the US, Canada, Korea …, Austria, Italy, Holland, Switzerland, Norway, and Germany, The average unemployment elasticity of pay is approximately -0 …
Persistent link: https://www.econbiz.de/10012474767
1) Fear of unemployment substantially depresses pay in both countries …3) The unemployment elasticity of pay averages -0.1 in the UK and apparently zero in the US …
Persistent link: https://www.econbiz.de/10012475668
approach, we find that union density is greatest, ceteris paribus, within establishments in areas of high unemployment …
Persistent link: https://www.econbiz.de/10012475786
This paper, which follows in an LSE tradition begun by Phillips and Sargan, examines the role of unemployment in … a variety of data sets as a check on the robustness of results, and 3) studies the effects of unemployment on the real … curve. The curve has a negative gradient at low levels of unemployment, but becomes horizontal at relatively high levels of …
Persistent link: https://www.econbiz.de/10012475860
Although there is a substantial literature indicating that unemployment and joblessness have profound adverse impacts …
Persistent link: https://www.econbiz.de/10012481117
in 2010 that is not matched by declines in happiness measures (positive affect). The fear of unemployment obtained from …
Persistent link: https://www.econbiz.de/10012452881
the flow of workers from Eastern Europe, the fear of unemployment has risen in the UK which appears to have contained wage … rate of unemployment …
Persistent link: https://www.econbiz.de/10012465140