Following A. W. Phillips's (1958) original work on the United Kingdom, applied research on unemployment and wages has been dominated by the analysis of highly aggregated time-series data sets. However, it has proved difficult with such methods to uncover statistically reliable models. This paper...

Although there exists a large literature on the effects of trade unions upon wages, there is no published work that uses microeconomic data on establishments to examine the employment consequences of unionism. This paper addresses this issue with a recent British data set and shows that, even...

Is academic economics becoming increasingly divorced from reality? This paper studies the contents of full-length articles published in the Economic Journal between 1959 and 1990. It finds, contrary to what some believe, that there has been significant growth in empirical research on real firms,...

The microeconomic forces that influence real wages are not fully understood. This paper studies pay determination using data on approximately 600 labor contracts. It finds that the real wage is an increasing function of past profitability in the employer's industry and a decreasing function of...