The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957.¶
Phillips, A. W. (1958). The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957. Economica, 25(100), 283-299.
Cited by¶
2 citations across 2 artifacts.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Micro Macro Linkage
- The across-macro edge is a historically estimated relationship — say a Phillips curve linking inflation and unemployment.
This sourceThe original Phillips curve, the historically estimated macro relationship the Lucas critique targets.
SupportedVerified against the work's full text
Phillips fits a curve to 1861-1913 UK data relating unemployment to the rate of change of money wage rates, then tests it against later periods.
“to form some quantitative estimate of the relation between unemployment and the rate of change of money wage rates”
- The across-macro edge is a historically estimated relationship — say a Phillips curve linking inflation and unemployment.
Domain-specific¶
- Phillips Curve
- The original finding is A. W. Phillips's 1958 study
SupportedVerified against the publisher's abstract
“The purpose of the present study is to see whether statistical evidence supports the hypothesis that the rate of change of money wage rates in the United Kingdom can be explained by the level of unemployment and the rate of change of unemployment”
- The original finding is A. W. Phillips's 1958 study
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