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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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
ePrint ID: 37389
Date Deposited: 28 Feb 2007
Last Modified: 27 Mar 2014 18:23
URI: http://eprints.soton.ac.uk/id/eprint/37389

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