Wage dispersion and inflation: evidence from UK manufacturing industries
Smith, Peter N. and Thomas, Stephen H. (1991) Wage dispersion and inflation: evidence from UK manufacturing industries. Economics Letters, 37, (4), 357-362. (doi:10.1016/0165-1765(91)90071-R).
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Original Publication URL: http://dx.doi.org/10.1016/0165-1765(91)90071-R
Description/Abstract
We specify a model relating wage dispersion across 16 sectors of UK manufacturing to a rich array of sector specific and macroeconomic variables. We find sectoral vacancy dispersion, a trade-union power proxy, short-run unemployment, and inflation affect wage dispersion. In particular, we find a strong negative relation between wage dispersion and inflation surprises within a well-specified model, reinforcing similar findings for the US and Israel.
| Item Type: | Article |
|---|---|
| ISSNs: | 0165-1765 (print) |
| Related URLs: | |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management |
| Divisions: | University Structure - Pre August 2011 > School of Management |
| Item ID: | 37389 |
| Date Deposited: | 28 Feb 2007 |
| Last Modified: | 01 Jun 2011 11:33 |
| Contributors: | Smith, Peter N. (Author) Thomas, Stephen H. (Author) |
| Date: | 1991 |
| Status: | Published |
| URI: | http://eprints.soton.ac.uk/id/eprint/37389 |
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