The Dynamics of Labour's Income Shares and the Wage Curve - Phillips Curve Controversy

28 Pages Posted: 25 Jan 2009

See all articles by Jakob B. Madsen

Jakob B. Madsen

University of Copenhagen - Department of Economics

Abstract

Based on a re-parameterised BlanchflowerOswald model this paper uses long macro-data from the OECD countries to discriminate between the Philips curve and the wage curve and examines whether there are any differences in wage dynamics between Europe and the United States. The evidence gives support for the Phillips curve and shows that wage dynamics are no different between the United States and Europe.

Suggested Citation

Madsen, Jakob Bruechner, The Dynamics of Labour's Income Shares and the Wage Curve - Phillips Curve Controversy. Scottish Journal of Political Economy, Vol. 56, Issue 1, pp. 45-72, February 2009, Available at SSRN: https://ssrn.com/abstract=1331699 or http://dx.doi.org/10.1111/j.1467-9485.2009.00472.x

Jakob Bruechner Madsen (Contact Author)

University of Copenhagen - Department of Economics ( email )

Øster Farimagsgade 5
Bygning 26
1353 Copenhagen K.
Denmark

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