Wages, work intensity and unemployment in Japan, UK and USA
Full text is not in this repository.
This item is available in the Library Catalogue
This paper focuses on the impact of excess labour supply on wage inflation in Japan, the US and the UK. Excess labour supply is not simply measured as officially registered unemployed persons but includes a measure of excess supply within the firm, i.e. work intensity. The empirical analysis confirms the importance of broadening the unemployment definition. Interesting differences arise in the cross-country comparison. Our key conclusions are that work intensity is an important factor in determining wage inflation, and that results based on recorded unemployment rates alone seriously underestimate the flexibility of real wages.
|Research Areas:||Middlesex University Schools and Centres > Business School|
|Citations on ISI Web of Science:||1|
|Deposited On:||04 Dec 2008 12:17|
|Last Modified:||03 Dec 2014 15:00|
Repository staff only: item control page
Full text downloads (NB count will be zero if no full text documents are attached to the record)
Downloads per month over the past year