Has Globalization Changed the Phillips Curve? : Industry-Level Evidence on the Effect of the Unemployment Gap on Wages
Book Details
Format
Paperback / Softback
ISBN-10
8790199251
ISBN-13
9788790199258
Publisher
University Press of Southern Denmark
Imprint
University Press of Southern Denmark
Country of Manufacture
DK
Country of Publication
GB
Publication Date
Mar 1st, 2009
Print length
42 Pages
Weight
116 grams
Dimensions
23.60 x 16.40 x 0.40 cms
Product Classification:
GlobalizationEconomics
Ksh 1,600.00
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The author estimates industry-specific Phillips curves for Denmark to test whether the finding of a weaker link between wages and the unemployment gap is due to changes within industries or should instead be ascribed to changes in the relative sizes of industries. He finds that industries with an easier access to international outsourcing show weaker wage responses to the unemployment gap, whereas access to import of foreign final goods and foreign labour seem to have no effect on the slope of the Phillips curve.
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