Investigates the Phillips curve at the level of the local labor market in the United States, employing occupational wage rates as a measure of the price of labor. Occupations that were selected; Results of regression analysis; Variations in the relationship between unemployment and wage changes by...

Presents a revised mathematical model of labor-force participation in which the ratio of job vacancies to the number of unemployed is used to represent labor market conditions. Fundamental proposition of earlier market-conditions models; Variation of the labor-force participation rate of...