Paperback. 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. 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. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.

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Bibliographic Details

Title: Has Globalization Changed the Phillips Curve? (Paperback)
Publisher: University Press of Southern Denmark, Copenhagen
Publication Date: 2009
Language: English
ISBN 10: 8790199251
ISBN 13: 9788790199258
Binding: Paperback
Condition: new

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Synopsis

This booklet 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. It finds that industries with an easier access to international outsourcing show weaker wage responses to the unemployment gap, whereas access to the import of foreign goods and foreign labor seem to have no effect on the slope of the Phillips curve.

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