Wage Bargains, Threshold Effects, and the Phillips Curve

Daniel S. Hamermesh

The Quarterly Journal of Economics, 1970, vol. 84, issue 3, 501-517

Abstract: I. The need for a study based on wage contracts, 601. — II. Hypotheses on structural differences, 503. — III. Data and methodology, 505. — IV. Estimates of the wage equations, 510. — V. Negotiated wage increases and the guideposts, 513. — VI. Conclusions, 516. — Appendix: calculation of the wage changes series for General Motors, 517.

Date: 1970
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