Comment on "The long-run determinants of UK wages, 1860-2004"

Heino Bohn Nielsen

Journal of Macroeconomics, 2009, vol. 31, issue 1, pages 29-34

Abstract: This comment discusses the presence of Phillips-curve effects for the UK, 1860-2004. A reconsideration of the empirical evidence in Castle and Hendry (2009) seems to suggest different functional relationships between wage inflation and unemployment for different periods. We conclude that the role of unemployment may have changed over time - but it has certainly not disappeared.

Keywords: Long-run; Wage; determination; Phillips; curve (search for similar items in EconPapers)
Date: 2009

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Persistent link: http://EconPapers.repec.org/RePEc:eee:jmacro:v:31:y:2009:i:1:p:29-34

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