Journal of Political Economy Vol. 86 No. 2, Part 1 1978
A Time-Series Analysis of the Real Wages-Employment Relationship
Abstract
In this paper, the theory of covariance-stationary stochastic processes is used in order to investigate the sign and the significance of the relationship between employment and real wages. It is shown that when appropriate distributed lags are estimated the data suggest that employment and real wages are negatively correlated. The response appears to be non-contemporaneous and statistically significant.
- DOI
- 10.1086/260667
- Volume
- 86
- Issue
- 2, Part 1
- Pages
- 281-291
- Language
- en
- Sources
- openalex crossref