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This paper attempts to determine whether nominal wages became less responsive to labor market and price fluctuations during the 1920s or 1930s. Results of modified Phillips curve regressions, in which the monthly value of wages depends on lagged values of employment or total man-hours and...
Persistent link: https://www.econbiz.de/10008495020
This article analyzes the impact of public employee unionism and the interdependency among different levels of government on the demand for state and local government employees. The evidence suggests that highly organized public employees exert enough political pressure to alter the terms and...
Persistent link: https://www.econbiz.de/10010783520