메뉴 건너뛰기




Volumn 29, Issue 3, 1997, Pages 311-324

Cyclical and causal relations between real wages and employment in the EU

Author keywords

[No Author keywords available]

Indexed keywords

BUSINESS CYCLE; EMPLOYMENT BEHAVIOUR; EUROPEAN UNION; REAL WAGES; THEORETICAL STUDY; VECTOR AUTOREGRESSION;

EID: 0030768010     PISSN: 00036846     EISSN: None     Source Type: Journal    
DOI: 10.1080/000368497327083     Document Type: Article
Times cited : (2)

References (48)
  • 1
    • 0001559689 scopus 로고
    • International evidence on the historical properties of business cycles
    • Backus, D. K. and Kehoe, P. J. (1992) International evidence on the historical properties of business cycles, American Economic Review, 82, 864-88.
    • (1992) American Economic Review , vol.82 , pp. 864-888
    • Backus, D.K.1    Kehoe, P.J.2
  • 2
    • 0000776805 scopus 로고
    • Real wages over the business cycle: Evidence from panel data
    • Bils, M. J. (1985) Real wages over the business cycle: evidence from panel data. Journal of Political Economy, 93, 666-89.
    • (1985) Journal of Political Economy , vol.93 , pp. 666-689
    • Bils, M.J.1
  • 3
    • 0000717782 scopus 로고
    • Business cycles in the United Kingdom: Facts and fictions
    • Blackburn, K. and Ravn, M. (1992) Business cycles in the United Kingdom: facts and fictions, Economica, 59, 383-401.
    • (1992) Economica , vol.59 , pp. 383-401
    • Blackburn, K.1    Ravn, M.2
  • 4
    • 0024814096 scopus 로고
    • A traditional interpretation of macroeconomic fluctuations
    • Blanchard, O. J. (1989) A traditional interpretation of macroeconomic fluctuations, American Economic Review, 79, 1146-1164.
    • (1989) American Economic Review , vol.79 , pp. 1146-1164
    • Blanchard, O.J.1
  • 5
    • 0001103324 scopus 로고
    • Real wages and cyclical variations in employment: A reexamination of the evidence
    • Bodkin, R. G. (1969) Real wages and cyclical variations in employment: a reexamination of the evidence, Canadian Journal of Economics, 2, 353-74.
    • (1969) Canadian Journal of Economics , vol.2 , pp. 353-374
    • Bodkin, R.G.1
  • 7
    • 0042933420 scopus 로고
    • New evidence on real-wage employment correlation from U.S. manufacturing data
    • Burda, M. C. (1985) New evidence on real-wage employment correlation from U.S. manufacturing data, Economics Letters, 18, 283-5.
    • (1985) Economics Letters , vol.18 , pp. 283-285
    • Burda, M.C.1
  • 8
    • 0001649431 scopus 로고
    • Current real-business-cycle theories and aggregate labor-market fluctuations
    • Christiano, L. J. and Eichenbaum, M. (1992) Current real-business-cycle theories and aggregate labor-market fluctuations, American Economic Review, 82, 430-50.
    • (1992) American Economic Review , vol.82 , pp. 430-450
    • Christiano, L.J.1    Eichenbaum, M.2
  • 9
    • 0000467517 scopus 로고
    • Money does Granger-cause output in the bivariate money-output relation
    • Christiano, L. J. and Ljungqvist, L. (1988) Money does Granger-cause output in the bivariate money-output relation, Journal of Monetary Economics, 22, 217-235.
    • (1988) Journal of Monetary Economics , vol.22 , pp. 217-235
    • Christiano, L.J.1    Ljungqvist, L.2
  • 10
    • 0028834474 scopus 로고
    • Comparisons of business cycles in the EC: Idiosyncrasies and regularities
    • and CEPR discussion paper No. 809, July 1993
    • Christodoulakis, N., Dimelis, S. and Kollintzas, T. (1994) Comparisons of business cycles in the EC: idiosyncrasies and regularities, Economica, 62, 1-27 and CEPR discussion paper No. 809, July 1993.
    • (1994) Economica , vol.62 , pp. 1-27
    • Christodoulakis, N.1    Dimelis, S.2    Kollintzas, T.3
  • 11
    • 0009285303 scopus 로고
    • Empirical analysis of macroeconomic time series: VAR and structural models
    • Clements, M. P. and Mizon, G. E. (1991) Empirical analysis of macroeconomic time series: VAR and structural models, European Economic Review, 35, 887-932.
    • (1991) European Economic Review , vol.35 , pp. 887-932
    • Clements, M.P.1    Mizon, G.E.2
  • 12
    • 0027455828 scopus 로고
    • Methodological and empirical issues in real business cycle theory
    • Danthine, J. P. and Donaldson, J. (1992) Methodological and empirical issues in real business cycle theory, European Economic Review, 37, 1-35.
    • (1992) European Economic Review , vol.37 , pp. 1-35
    • Danthine, J.P.1    Donaldson, J.2
  • 13
    • 5844303367 scopus 로고
    • Granger causality, real factor prices and employment: A reappraisal with UK data
    • Drobny, A. and Gausden, R. (1988) Granger causality, real factor prices and employment: a reappraisal with UK data, European Economic Review, 32, 1261-83.
    • (1988) European Economic Review , vol.32 , pp. 1261-1283
    • Drobny, A.1    Gausden, R.2
  • 14
    • 0000339237 scopus 로고
    • The movement of real and money wage rates
    • Dunlop, J. T. (1938) The movement of real and money wage rates, Economic Journal, 48, 413-34.
    • (1938) Economic Journal , vol.48 , pp. 413-434
    • Dunlop, J.T.1
  • 15
    • 0000013567 scopus 로고
    • Cointegration and error correction: Representation, estimation, and testing
    • Engle, R. F. and Granger, C. W. J. (1987) Cointegration and error correction: representation, estimation, and testing, Econometrica, 55, 251-76.
    • (1987) Econometrica , vol.55 , pp. 251-276
    • Engle, R.F.1    Granger, C.W.J.2
  • 16
    • 45949119851 scopus 로고
    • Forecasting and testing in cointegrated systems
    • Engle, R. F. and Yoo, B. S. (1987) Forecasting and testing in cointegrated systems, Journal of Econometrics, 35, 143-59.
    • (1987) Journal of Econometrics , vol.35 , pp. 143-159
    • Engle, R.F.1    Yoo, B.S.2
  • 17
    • 0028589692 scopus 로고
    • Stylized facts of business cycles in the G7 from a real business cycles perspective
    • Fiorito, R. and Kollintzas, T. (1994) Stylized facts of business cycles in the G7 from a real business cycles perspective, European Economic Review, 38, 235-69.
    • (1994) European Economic Review , vol.38 , pp. 235-269
    • Fiorito, R.1    Kollintzas, T.2
  • 18
    • 84936314099 scopus 로고
    • Recent developments in macroeconomics
    • Fischer, S. (1988) Recent developments in macroeconomics, The Economic Journal, 98, 294-339.
    • (1988) The Economic Journal , vol.98 , pp. 294-339
    • Fischer, S.1
  • 19
    • 0010068671 scopus 로고
    • The employment-real wage relationship: An international study
    • Geary, P. T. and Kennan, J. (1982) The employment-real wage relationship: an international study, Journal of Political Economy, 90, 854-71.
    • (1982) Journal of Political Economy , vol.90 , pp. 854-871
    • Geary, P.T.1    Kennan, J.2
  • 20
    • 0000351727 scopus 로고
    • Investigating causal relations by econometrics models and cross-spectral methods
    • Granger, C. W. J. (1969) Investigating causal relations by econometrics models and cross-spectral methods, Econometrica, 37, 424-38.
    • (1969) Econometrica , vol.37 , pp. 424-438
    • Granger, C.W.J.1
  • 21
  • 22
    • 84981641647 scopus 로고
    • An application of the Granger and Engle two-step estimation procedure to United Kingdom aggregate wage data
    • Hall, S. G. (1986) An application of the Granger and Engle two-step estimation procedure to United Kingdom aggregate wage data, Oxford Bulletin of Economics and Statistics, 48, 213-28.
    • (1986) Oxford Bulletin of Economics and Statistics , vol.48 , pp. 213-228
    • Hall, S.G.1
  • 23
    • 0000436275 scopus 로고
    • Maximum likelihood estimation of cointegrating vectors
    • Hall, S. G. (1989) Maximum likelihood estimation of cointegrating vectors, Oxford Bulletin of Economics and Statistics, 51, 231-318.
    • (1989) Oxford Bulletin of Economics and Statistics , vol.51 , pp. 231-318
    • Hall, S.G.1
  • 25
    • 84981603562 scopus 로고
    • Testing neo-classical theories of labour demand: An application of cointegrating techniques
    • Jenkinson, T. J. (1986) Testing neo-classical theories of labour demand: an application of cointegrating techniques, Oxford Bulletin of Economics and Statistics, 48, 241-51.
    • (1986) Oxford Bulletin of Economics and Statistics , vol.48 , pp. 241-251
    • Jenkinson, T.J.1
  • 27
    • 0000158117 scopus 로고
    • Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models
    • Johansen, S. (1991) Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models, Econometrica, 59, 1551-80.
    • (1991) Econometrica , vol.59 , pp. 1551-1580
    • Johansen, S.1
  • 28
    • 84981579311 scopus 로고
    • Maximum likelihood estimation and inference on cointegration - With applications to the demand of money
    • Johansen, S. and Juselius, K. (1990) Maximum likelihood estimation and inference on cointegration - with applications to the demand of money, Oxford Bulletin of Economics and Statistics, 52, 169-210.
    • (1990) Oxford Bulletin of Economics and Statistics , vol.52 , pp. 169-210
    • Johansen, S.1    Juselius, K.2
  • 29
    • 84928839654 scopus 로고
    • Real wages over the business cycle: Estimating the impact of heterogeneity with micro data
    • Keane, M., Moffitt, R. and Runkle, D. E. (1988) Real wages over the business cycle: estimating the impact of heterogeneity with micro data, Journal of Political Economy, 96, 1232-66.
    • (1988) Journal of Political Economy , vol.96 , pp. 1232-1266
    • Keane, M.1    Moffitt, R.2    Runkle, D.E.3
  • 30
    • 0041178811 scopus 로고
    • An econometric analysis of fluctuations in aggregate labour supply and demand
    • Kennan, J. (1988) An econometric analysis of fluctuations in aggregate labour supply and demand, Econometrica, 56, 317-33.
    • (1988) Econometrica , vol.56 , pp. 317-333
    • Kennan, J.1
  • 31
    • 51249180663 scopus 로고
    • Real factor prices and German manufacturing employment: A time series analysis, 1960i-1979iv
    • Kirkpatrick, G. (1982) Real factor prices and German manufacturing employment: a time series analysis, 1960i-1979iv, Weltwirtschaftliches Archives, 118, 79-103.
    • (1982) Weltwirtschaftliches Archives , vol.118 , pp. 79-103
    • Kirkpatrick, G.1
  • 34
    • 0010073684 scopus 로고
    • Real business cycles: A new Keynesian perspective
    • Mankiw, N. G. (1989) Real business cycles: a new Keynesian perspective, Journal of Economic Perspectives, 3, 79-90.
    • (1989) Journal of Economic Perspectives , vol.3 , pp. 79-90
    • Mankiw, N.G.1
  • 35
    • 0006241051 scopus 로고
    • Real wages and employment: Evidence from disaggregated data
    • Mehra, Y. (1982) Real wages and employment: evidence from disaggregated data, Eastern Economic Journal, 8, 191-6.
    • (1982) Eastern Economic Journal , vol.8 , pp. 191-196
    • Mehra, Y.1
  • 36
    • 84981643114 scopus 로고
    • Real wages over the business cycle: Evidence from a structural time series model
    • Mocan, H. N. and Topyan, K. (1993) Real wages over the business cycle: evidence from a structural time series model, Oxford Bulletin of Economics and Statistics, 55, 363-89.
    • (1993) Oxford Bulletin of Economics and Statistics , vol.55 , pp. 363-389
    • Mocan, H.N.1    Topyan, K.2
  • 37
    • 0010068104 scopus 로고
    • The monetarist controversy or, should we forsake stabilization policies?
    • Modigliani, F. (1977) The monetarist controversy or, should we forsake stabilization policies? American Economic Review, 67, 1-19.
    • (1977) American Economic Review , vol.67 , pp. 1-19
    • Modigliani, F.1
  • 38
    • 0000134488 scopus 로고
    • A time series analysis of the real wages-employment relationship
    • Neftci, S. N. (1978) A time series analysis of the real wages-employment relationship, Journal of Labor Economics, 86, 281-91.
    • (1978) Journal of Labor Economics , vol.86 , pp. 281-291
    • Neftci, S.N.1
  • 39
    • 0002126774 scopus 로고
    • The real wage-employment relationship in the United States
    • Nickell, S. and Symons, J. (1990) The real wage-employment relationship in the United States, Journal of Labor Economics, 8, 1-15.
    • (1990) Journal of Labor Economics , vol.8 , pp. 1-15
    • Nickell, S.1    Symons, J.2
  • 40
    • 0008430790 scopus 로고
    • Real Wages and Business Cycles Revisited
    • Otani, I. (1978) Real Wages and Business Cycles Revisited, Review of Economics and Statistics, 60, 301-4.
    • (1978) Review of Economics and Statistics , vol.60 , pp. 301-304
    • Otani, I.1
  • 41
    • 0026290938 scopus 로고
    • Real wages-employment relationship in Finnish manufacturing: A VAR approach
    • Pehkonen, J. (1991) Real wages-employment relationship in Finnish manufacturing: a VAR approach, Applied Economics, 23, 1559-68.
    • (1991) Applied Economics , vol.23 , pp. 1559-1568
    • Pehkonen, J.1
  • 42
    • 0000085499 scopus 로고
    • Estimation of dynamic labour demand schedules under rational expectations
    • Sargent, T. J. (1978) Estimation of dynamic labour demand schedules under rational expectations, Journal of Political Economy, 86, 1009-44.
    • (1978) Journal of Political Economy , vol.86 , pp. 1009-1044
    • Sargent, T.J.1
  • 43
    • 0024483858 scopus 로고
    • Wage variability in the 1970's: Sectoral shifts or cyclical sensitivity?
    • Shaw, K. L. (1989) Wage variability in the 1970's: sectoral shifts or cyclical sensitivity? Review of Economics and Statistics, 71, 26-36.
    • (1989) Review of Economics and Statistics , vol.71 , pp. 26-36
    • Shaw, K.L.1
  • 44
    • 0000997472 scopus 로고
    • Macroeconomics and reality
    • Sims, C. (1980) Macroeconomics and reality, Econometrica, 48, 1-48.
    • (1980) Econometrica , vol.48 , pp. 1-48
    • Sims, C.1
  • 45
    • 33847514463 scopus 로고
    • Measuring the cyclically of real wages: How important is composition bias?
    • Solon, G., Barsky, R. and Parker, J. A. (1994) Measuring the cyclically of real wages: How important is composition bias? The Quarterly Journal of Economics, CIX, 1-25.
    • (1994) The Quarterly Journal of Economics , vol.109 , pp. 1-25
    • Solon, G.1    Barsky, R.2    Parker, J.A.3
  • 46
    • 0039099526 scopus 로고
    • Neoclassical demand for labour functions for six major economies
    • Symons, J. and Layard, P. R. G. (1984) Neoclassical demand for labour functions for six major economies, Economic Journal, 94, 788-99.
    • (1984) Economic Journal , vol.94 , pp. 788-799
    • Symons, J.1    Layard, P.R.G.2
  • 47
    • 84929065133 scopus 로고
    • Real wages, employment, and the Phillips Curve
    • Sumner, S. B. and Silver. S. J. (1989) Real wages, employment, and the Phillips Curve, Journal of Political Economv, 97, 706-20, 788-799.
    • (1989) Journal of Political Economv , vol.97 , pp. 706-720
    • Sumner, S.B.1    Silver, S.J.2
  • 48
    • 0000507694 scopus 로고
    • Changes in real and money wages
    • Tarshis, L. (1939) Changes in real and money wages, Economic Journal, 49, 150-54.
    • (1939) Economic Journal , vol.49 , pp. 150-154
    • Tarshis, L.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.