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| Author: | Jacobson, T. Vredin, A. Warne, A. |
| Title: | Are real wages and unemployment related? |
| Journal: | Economica
1998 : FEB, VOL. 65:257, p. 69-96 |
| Index terms: | PAY UNEMPLOYMENT |
| Freeterms: | REAL WAGES |
| Language: | eng |
| Abstract: | This study proposes an alternative method for examining the sources behind the behavior of real wages and unemployment. The model leads to emphasize the distinction between long-run and short-run relations. Only weak evidence was found of a short-run relation between real wages and unemployment as reported in traditional single-equation error correction models. |
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