About the Paper
About the Paper
About the Paper
The first page of William Seyfried, Ph.D.' Paper as published in the Journal of Applied Business and Economics in 2021.
Abstract
It is hypothesized that the aging of the workforce may have altered the sensitivity of wages to change in the unemployment rate. Results of an error-correction model provide support for the existence of a long-run relationship between productivity and real wages, but not between unemployment and real wages. However, a short-run relationship was detected between unemployment and wage inflation, with wages being less sensitive to unemployment for those over the age of 55, indicating that changes in the demographics associated with the aging of the labor force have dampened the magnitude of this relationship, though a significant relationship still endures.
Originally Published on:
Journal of Applied Business and Economics Vol. 23 No. 5 (2021)
Read the Article:Follow this link to read the article. https://articlegateway.com/index.php/JABE/article/view/4576
The first page of William Seyfried, Ph.D.' Paper as published in the Journal of Applied Business and Economics in 2021.
Abstract
It is hypothesized that the aging of the workforce may have altered the sensitivity of wages to change in the unemployment rate. Results of an error-correction model provide support for the existence of a long-run relationship between productivity and real wages, but not between unemployment and real wages. However, a short-run relationship was detected between unemployment and wage inflation, with wages being less sensitive to unemployment for those over the age of 55, indicating that changes in the demographics associated with the aging of the labor force have dampened the magnitude of this relationship, though a significant relationship still endures.
Originally Published on:
Journal of Applied Business and Economics
Vol. 23 No. 5 (2021)
Read the Article:
Follow this link to read the article. https://articlegateway.com/index.php/JABE/article/view/4576
Meet the Author
Meet the Author
Meet the Author
His expertise is in the areas of macroeconomics, including the Fed and monetary policy, as well as the interaction of the financial system and the economy.
He has published extensively in professional journals including the Australian Economic Review, the American Economist, Journal of Economics and Finance, and Applied Econometrics and International Development. He has also authored instructor’s manuals for leading textbooks in the areas of money, banking and financial markets, as well as international economics.
Dr. Seyfried served on the Econometrics Council of the Florida Chamber Foundation as well as on the Governor’s Council of Economic Advisors for the state of Arkansas.
William Seyfried, Ph.D.
William Seyfried, Ph.D.