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The Sensitivity of Quarterly Models of Wage Determination to Aggregation Assumptions

Author

Listed:
  • J.C.R. Rowley

    (Queen's University)

  • D.A. Wilton

    (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.

Suggested Citation

  • J.C.R. Rowley & D.A. Wilton, 1972. "The Sensitivity of Quarterly Models of Wage Determination to Aggregation Assumptions," Working Paper 79, Economics Department, Queen's University.
    • Handle: RePEc:qed:wpaper:79
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    File URL: http://qed.econ.queensu.ca/working_papers/papers/qed_wp_79.pdf
    File Function: First version 1972
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    Cited by:

    1. J. C. R. Rowley & D. A. Wilton, 1973. "The Empirical Sensitivity of the Phillips Curve," The American Economist, Sage Publications, vol. 17(2), pages 90-112, October.

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