Wage curve versus Phillips curve: a microeconomic estimation for the Spanish case

The aim of this paper is to test for the existence of a wage curve for the Spanish economy between 1994 and 1996. The results confirm the negative relation between the level of nominal wages and the unemployment rate in local labor markets. We also analyse whether there is a relation between the loc...

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Detalles Bibliográficos
Autores principales: José Aixalá, Carmen Pelet
Formato: Artículo científico
Publicado: Universidad Autónoma Metropolitana Unidad Azcapotzalco 2010
Materias:
Economía y Finanzas
Wage curve
Phillips curve
panel data
Acceso en línea:http://www.redalyc.org/articulo.oa?id=41313083004
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-022&d=41313083004oai
Aporte de:
Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO) de Consejo Latinoamericano de Ciencias Sociales
id I16-R122-41313083004oai
record_format dspace
institution Consejo Latinoamericano de Ciencias Sociales
institution_str I-16
repository_str R-122
collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
topic Economía y Finanzas
Wage curve
Phillips curve
panel data
spellingShingle Economía y Finanzas
Wage curve
Phillips curve
panel data
José Aixalá
Carmen Pelet
Wage curve versus Phillips curve: a microeconomic estimation for the Spanish case
topic_facet Economía y Finanzas
Wage curve
Phillips curve
panel data
description The aim of this paper is to test for the existence of a wage curve for the Spanish economy between 1994 and 1996. The results confirm the negative relation between the level of nominal wages and the unemployment rate in local labor markets. We also analyse whether there is a relation between the local unemployment rate and wage changes, as the Phillips curve describes, with disaggregated data, introducing the lagged dependent variable into the specification and check the value of its coefficient. The results do not permit us to affirm that there is evidence of a Phillips curve relation.
format Artículo científico
Artículo científico
author José Aixalá
Carmen Pelet
author_facet José Aixalá
Carmen Pelet
author_sort José Aixalá
title Wage curve versus Phillips curve: a microeconomic estimation for the Spanish case
title_short Wage curve versus Phillips curve: a microeconomic estimation for the Spanish case
title_full Wage curve versus Phillips curve: a microeconomic estimation for the Spanish case
title_fullStr Wage curve versus Phillips curve: a microeconomic estimation for the Spanish case
title_full_unstemmed Wage curve versus Phillips curve: a microeconomic estimation for the Spanish case
title_sort wage curve versus phillips curve: a microeconomic estimation for the spanish case
publisher Universidad Autónoma Metropolitana Unidad Azcapotzalco
publishDate 2010
url http://www.redalyc.org/articulo.oa?id=41313083004
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-022&d=41313083004oai
work_keys_str_mv AT joseaixala wagecurveversusphillipscurveamicroeconomicestimationforthespanishcase
AT carmenpelet wagecurveversusphillipscurveamicroeconomicestimationforthespanishcase
bdutipo_str Repositorios
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