The Real Wage-Employment Relationship in the United States.
The article examines the real wage-employment relationship in the United States in the light of the diversity of results in the literature. It demonstrates that, when the relationship is correctly specified in the sense that due allowance is made for technical progress and capital accumulation, and...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
1990
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| _version_ | 1797105426858246144 |
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| author | Nickell, S Symons, J |
| author_facet | Nickell, S Symons, J |
| author_sort | Nickell, S |
| collection | OXFORD |
| description | The article examines the real wage-employment relationship in the United States in the light of the diversity of results in the literature. It demonstrates that, when the relationship is correctly specified in the sense that due allowance is made for technical progress and capital accumulation, and the appropriate value-added deflator is used for the wage, then a negative relationship may be observed in the data. An incorrect specification, however, is as likely to lead to a positive relationship as a negative one. |
| first_indexed | 2024-03-07T06:47:23Z |
| format | Journal article |
| id | oxford-uuid:fb53a5c8-5b73-4597-9d36-999cee36e249 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T06:47:23Z |
| publishDate | 1990 |
| record_format | dspace |
| spelling | oxford-uuid:fb53a5c8-5b73-4597-9d36-999cee36e2492022-03-27T13:12:50ZThe Real Wage-Employment Relationship in the United States.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:fb53a5c8-5b73-4597-9d36-999cee36e249EnglishDepartment of Economics - ePrints1990Nickell, SSymons, JThe article examines the real wage-employment relationship in the United States in the light of the diversity of results in the literature. It demonstrates that, when the relationship is correctly specified in the sense that due allowance is made for technical progress and capital accumulation, and the appropriate value-added deflator is used for the wage, then a negative relationship may be observed in the data. An incorrect specification, however, is as likely to lead to a positive relationship as a negative one. |
| spellingShingle | Nickell, S Symons, J The Real Wage-Employment Relationship in the United States. |
| title | The Real Wage-Employment Relationship in the United States. |
| title_full | The Real Wage-Employment Relationship in the United States. |
| title_fullStr | The Real Wage-Employment Relationship in the United States. |
| title_full_unstemmed | The Real Wage-Employment Relationship in the United States. |
| title_short | The Real Wage-Employment Relationship in the United States. |
| title_sort | real wage employment relationship in the united states |
| work_keys_str_mv | AT nickells therealwageemploymentrelationshipintheunitedstates AT symonsj therealwageemploymentrelationshipintheunitedstates AT nickells realwageemploymentrelationshipintheunitedstates AT symonsj realwageemploymentrelationshipintheunitedstates |