Sectoral Trends in Employment And Shifts in the Phillips Curve.
Sectoral Trends in Employment And Shifts in the Phillips Curve.
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We assiime in the remain- der of this section that the paradox of composition is not present. The additional consideration of dispersion effects complicates the analysis, but it does not invalidate the conclusions drawn in this section concerning aggregating over different functional relationships.
68 V . is the number unemployed of group j , and L . is the total labor force for group j .
The Perry model emphasizes supply influences through weights given the eight components of the unemployed p...ortion of the labor force.
In the present case, we use a simple two sector model which assumes that two heterogeneous labor markets exist, and that the movement of labor between them is restricted.
Such an approach, which may be contrasted with Perry's weighting technique, provides a more direct test of sectoral influences on the aggregate observed variables. The aggre- gate Phillips curve equation in linear terms is: (2) ^^ = a^ + B^(U^) + C^(PCR).
where w,. is the rate of change in compensation per manhour,^ Uj.
What to read after Sectoral Trends in Employment And Shifts in the Phillips Curve.?
You can find similar books in the "Read Also" column, or choose other free books by Dalton, Thomas Richard, 1946- to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
We assiime in the remain- der of this section that the paradox of composition is not present. The additional consideration of dispersion effects complicates the analysis, but it does not invalidate the conclusions drawn in this section concerning aggregating over different functional relationships.
68 V . is the number unemployed of group j , and L . is the total labor force for group j .
The Perry model emphasizes supply influences through weights given the eight components of the unemployed p...ortion of the labor force.
In the present case, we use a simple two sector model which assumes that two heterogeneous labor markets exist, and that the movement of labor between them is restricted.
Such an approach, which may be contrasted with Perry's weighting technique, provides a more direct test of sectoral influences on the aggregate observed variables. The aggre- gate Phillips curve equation in linear terms is: (2) ^^ = a^ + B^(U^) + C^(PCR).
where w,. is the rate of change in compensation per manhour,^ Uj.
What to read after Sectoral Trends in Employment And Shifts in the Phillips Curve.?
You can find similar books in the "Read Also" column, or choose other free books by Dalton, Thomas Richard, 1946- to read onlineMoreLess
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