The Response of Wages and Labor Supply Movements to Employment Shocks Across Europe and the United States

The Response of Wages and Labor Supply Movements to Employment Shocks Across Europe and the United States
This paper assesses the responsiveness of wages and labor force movements to employment shocks across British and U.S. regions and across Europe using a multivariate vector autoregression technique. The paper finds inflexible real wages in all three areas in that each area's real wage responds very little to employment shocks. However, the... READ MORE...

Publication date: December 1994
ISBN 9781451857535
$15.00

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