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The Real Wage-Employment Relationship in the United States

Author

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  • Nickell, Stephen J
  • Symons, James

Abstract

The article examines the real wage-employment relationship in the United States in the light of the diversity of results in the literature. It demonstrates that, when the relationship is correctly specified in the sense that due allowance is made for technical progress and capital accumulation, and the appropriate value-added deflator is used for the wage, then a negative relationship may be observed in the data. An incorrect specification, however, is as likely to lead to a positive relationship as a negative one. Copyright 1990 by University of Chicago Press.

Suggested Citation

  • Nickell, Stephen J & Symons, James, 1990. "The Real Wage-Employment Relationship in the United States," Journal of Labor Economics, University of Chicago Press, vol. 8(1), pages 1-15, January.
    • Handle: RePEc:ucp:jlabec:v:8:y:1990:i:1:p:1-15
    DOI: 10.1086/298234
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    Citations

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    Cited by:

    1. Tyrväinen, Timo, 1992. "Wage setting, taxes and demand for labour : Multivariate analysis of the cointegration relations," Research Discussion Papers 22/1992, Bank of Finland.
    2. Matthew J. Slaughter, 1997. "International Trade and Labor-Demand Elasticities," NBER Working Papers 6262, National Bureau of Economic Research, Inc.
    3. Giancarlo Corsetti & John Flemming & Seppo Honkapohja & Willi Leibfritz & Gilles Saint-Paul & Hans-Werner Sinn & Xavier Vives, 2002. "Welfare to Work," EEAG Report on the European Economy, CESifo Group Munich, vol. 0, pages 71-86, 04.
      • Giancarlo Corsetti & John Flemming & Seppo Honkapohja & Willi Leibfritz & Gilles Saint-Paul & Hans-Werner Sinn & Xavier Vives, 2002. "Welfare to Work," CESifo Forum, Ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 2002(CESIFOFOR), pages 71-86, 04.
    4. Hans-Werner Sinn, 2000. "The threat to the German welfare state," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 28(3), pages 279-294, September.
    5. Nazier, Hanan, 2020. "Female labor in Egyptian manufacturing sector: The demand side story," The Quarterly Review of Economics and Finance, Elsevier, vol. 78(C), pages 1-11.
    6. Sophia Dimelis, 1997. "Cyclical and causal relations between real wages and employment in the EU," Applied Economics, Taylor & Francis Journals, vol. 29(3), pages 311-324.
    7. Hans-Werner Sinn, 2005. "Migration and Social Replacement Incomes: How to Protect Low-Income Workers in the Industrialized Countries Against the Forces of Globalization and Market Integration," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 12(4), pages 375-393, August.
    8. Tyrväinen, Timo, 1995. "Wage determination in the long run, real wage resistance and unemployment: Multivariate analysis of cointegrating relations in 10 OECD economies," Bank of Finland Research Discussion Papers 12/1995, Bank of Finland.
    9. Hanan Nazier, 2019. "Estimating Labor Demand Elasticities and Elasticities of Substitution in Egyptian Manufacturing Sector: A Firm-Level Static Analysis," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 62(4), pages 549-575, December.
    10. Hatzius , Jan, 1996. "Foreign Direct Investment, Capital Formation and Labour Costs: Theory and Evidence for Germany," Working Paper Series 468, Research Institute of Industrial Economics.
    11. Devashish Mitra, 2001. "Trade Liberalization, Labor Markets and Imperfect Competition," Economics Study Area Working Papers 29, East-West Center, Economics Study Area.
    12. Bruno Chiarini, 1998. "Cyclicality of real wages and adjustment costs," Applied Economics, Taylor & Francis Journals, vol. 30(9), pages 1239-1250.
    13. Seppo Honkapohja & Frank Westermann, 2009. "Welfare to Work," Palgrave Macmillan Books, in: Seppo Honkapohja & Frank Westermann (ed.), Designing the European Model, chapter 1, pages 35-60, Palgrave Macmillan.
    14. Seccareccia, Mario, 1991. "Salaire minimum, emploi et productivité dans une perspective post-keynésienne," L'Actualité Economique, Société Canadienne de Science Economique, vol. 67(2), pages 166-191, juin.
    15. Tyrväinen, Timo, 1995. "Wage determination in the long run, real wage resistance and unemployment : Multivariate analysis of cointegrating relations in 10 OECD economies," Research Discussion Papers 12/1995, Bank of Finland.
    16. repec:zbw:bofrdp:1992_022 is not listed on IDEAS
    17. Giancarlo Corsetti & John Flemming & Seppo Honkapohja & Willi Leibfritz & Gilles Saint-Paul & Hans-Werner Sinn & Xavier Vives, 2002. "EEAG European Economic Advisory Group at CESifo: Report on the European Economy 2002," EEAG Report on the European Economy, CESifo, vol. 0, pages 1-99, April.
    18. P J Pérez, 2001. "Cyclical Properties in the Main Western Economies," Centre for Growth and Business Cycle Research Discussion Paper Series 33, Economics, The University of Manchester.
    19. Tyrväinen, Timo, 1992. "Wage setting, taxes and demand for labour: Multivariate analysis of the cointegration relations," Bank of Finland Research Discussion Papers 22/1992, Bank of Finland.
    20. Krishna, Pravin & Mitra, Devashish & Chinoy, Sajjid, 2001. "Trade liberalization and labor demand elasticities: evidence from Turkey," Journal of International Economics, Elsevier, vol. 55(2), pages 391-409, December.
    21. Pfann, Gerard A., 1996. "Factor demand models with nonlinear short-run fluctuations," Journal of Economic Dynamics and Control, Elsevier, vol. 20(1-3), pages 315-331.
    22. repec:zbw:bofrdp:1995_012 is not listed on IDEAS

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