| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP18 |
| DP18 The British Labour Market in Different Economic Eras, 1857-1938 | |
| Timothy Hatton | |
| 发表日期 | 1984-05-01 |
| 出版年 | 1984 |
| 语种 | 英语 |
| 摘要 | In this paper a simple model of aggregate supply and demand for labour is developed which includes a "surprise" supply function and imposes labour market clearing. This model is estimated on British data for 1857 to 1938, an important period for the original Phillips curve estimates. For 1857-1913, the model specified in the nominal wage fits well and structural breaks are rejected but wage change outperforms wage surprise, supporting the traditional Phillps curve type view. The period 1921-38 is found to produce different results yielding a structural break from 1857-1913 in both supply and demand equations. These shifts cannot be accounted for by the introduction of national insurance though it had some effect on the labour demand curve. |
| 关键词 | Demand for labour Phillips curve Supply of labour |
| URL | https://cepr.org/publications/dp18 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529174 |
| 推荐引用方式 GB/T 7714 | Timothy Hatton. DP18 The British Labour Market in Different Economic Eras, 1857-1938. 1984. |
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