Research Discussion Paper – RDP 8806 Employment, Output and Real Wages

Contents

• Introduction
• Trends in Employment Output and Real Wages
• Employment, Output and Wages: The Evidence from Previous Studies
• Employment Output and Real Wages Revisited
• Simulation Results
• Conclusion
• Bibliography
• Appendix 1: Tests of the Lag Structure
• Appendix 2: Estimation with an Alternative Real Wage Measure
• Appendix 3: Data used in the Study