Browsing by Subject "Natural rate of unemployment"

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The determinants of reservation wages

Hogan, Vincent (Vincent Peter) (University College Dublin, School of Economics, 1999-08)

Most theories of involuntary unemployment predict that the equilibrium wage in the labor market will be greater than the reservation wage of the unemployed. These theories concentrate on explaining why the labor market ...
Productivity growth and inflation : a multi-country study

Hogan, Vincent (Vincent Peter) ; Zhao, Hongmei (University College Dublin, School of Economics, 2006-11)

Ball and Moffitt (2001) present a theory implying that the gap between productivity and wage aspirations can shift the traditional Phillips Curve. We examine their theory within the OECD. The results show that there is no ...