The Sensitivity of Quarterly Models of Wage Determination to Aggregation Assumptions

J.C.R. Rowley and D.A. Wilton
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J.C.R. Rowley: Queen's University
D.A. Wilton: Queen's University

No 79, Working Paper from Economics Department, Queen's University

Abstract: In his A.E.A. Presidential Address, Tobin points out that due to the continuing controversy over the concept of a stable Phillips curve, the institutional features of the labour market have been largely ignored. Hence, the purpose of this paper is twofold: (1) to present an analytical framework for the empirical investigation of these institutional labour market features, and (2) to present some empirical results demonstrating the gravity of the problem.

Pages: 39 pages
Date: 1972-05
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:qed:wpaper:79

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