Comment on "The long-run determinants of UK wages, 1860-2004"

Abstract

This comment discusses the presence of Phillips-curve effects for the UK, 1860-2004. A reconsideration of the empirical evidence in Castle and Hendry (2009) seems to suggest different functional relationships between wage inflation and unemployment for different periods. We conclude that the role of unemployment may have changed over time - but it has certainly not disappeared.
Original languageEnglish
JournalJournal of Macroeconomics
Volume31
Issue number1
Pages (from-to)29-34
Number of pages6
ISSN0164-0704
DOIs
Publication statusPublished - 2009

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