TESTING FOR A STRUCTURAL-CHANGE IN US WAGE DETERMINATION

Authors
BUDD JW NHO YJ
Citation
Jw. Budd et Yj. Nho, TESTING FOR A STRUCTURAL-CHANGE IN US WAGE DETERMINATION, Industrial relations, 36(2), 1997, pp. 160-177
Citations number
38
Categorie Soggetti
Industrial Relations & Labor
Journal title
Industrial relations → ACNP
ISSN journal
00198676
Volume
36
Issue
2
Year of publication
1997
Pages
160 - 177
Database
ISI
SICI code
0019-8676(1997)36:2<160:TFASIU>2.0.ZU;2-H
Abstract
Previous tests for structural changes (slope changes) and shifts (inte rcept changes) in the Phillips curve and union wage determination spec ify the date of structural change a priori. This article tests for str uctural changes and shifts without specifying the change point ex ante . The results support the belief that structural changes occurred in t he early 1980s. Contrary to some previous research, however, the resul ts do not support a structural shift in the Phillips curve.