The Real Wage-Employment Relationship in the United States
考察美国实际工资与就业的关系,指出在正确考虑技术进步和资本积累、使用适当增加值平减指数时,数据可能显示负相关;而错误设定则可能得出正或负相关。
The article examines the real wage-employment relationship in the United States in the light of the diversity of results in the literature. It demonstrates that, when the relationship is correctly specified in the sense that due allowance is made for technical progress and capital accumulation, and the appropriate value-added deflator is used for the wage, then a negative relationship may be observed in the data. An incorrect specification, however, is as likely to lead to a positive relationship as a negative one. Copyright 1990 by University of Chicago Press.