Testing for a Structural Change in U.S. Wage Determination |
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| Authors: | John W. Budd,& Yongjin Nho |
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| Affiliation: | Industrial Relations Center, University of Minnesota |
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| Abstract: | Previous tests for structural changes (slope changes) and shifts (intercept changes) in the Phillips curve and union wage determination specify the date of structural change a priori. This article tests for structural changes and shifts without specifying the change point ex ante . The results support the belief that structural changes occurred in the early 1980s. Contrary to some previous research, however, the results do not support a structural shift in the Phillips curve. |
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