From Phillips curve to wage curve

In most traditional macro-economic models of the Netherlands the wage equation is specified by a Phillips curve, in which wage growth is negatively related to the unemployment rate. This paper shows, however, that wage formation can better be described by the so-called wage curve, in which the wage level instead of wage growth depends negatively on the unemployment rate.

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Year of publication:	1991
Authors:	Graafland, J.J.
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Phillips curve \| wage curve \| wage equation \| wage bargaining \| tax wedge \| unemployment

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Notes:	Published in De Economist 4.140(1992): pp. 501-514
Classification:	J38 - Public Policy ; J32 - Nonwage Labor Costs and Benefits; Private Pensions ; J52 - Dispute Resolution: Strikes, Arbitration, and Mediation ; H39 - Fiscal Policies and Behavior of Economic Agents. Other
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008583574