The aggregate labor-supply function is a cornerstone of both neoclassical growth theory and
short-run Keynesian-type mployment theory. Yet no empirical estimates of the parameters of …

Employment, Inflation and Growth Page 1 1962] Employment, Inflation and Growth' By AW
PHILLIPS 1. INTRODUCTION Since the end of the second world war economic policy and …

T HE purpose of this paper is to estimate a labor supply or participation rate func-tion for the
period 1948 through 1968, for the various age-sex groups that comprise the sec-ondary …

In a previous incarnation, I used to teach in the basic graduate sequence of courses in
microeconomics at Harvard. A little more than a decade ago, having become disenchanted …

What should one say in an address commemorating the twenty-fifth anniversary of a book?
Normally, one thinks of the publication of a book as a birth of new ideas; and the appropriate …

In studies of the labor supply function, alternative measures have been used for the quantity
of labor supplied. Data are available now on weekly hours in a specific week, weekly hours …

ESPITE the large volume of recent Th literature on economic growth, little has been done to
integrate monetary factors in the explanation of the growth process. Most of the growth …

During the sixties a cornerstone of economic policy was that permanent inflation results in
high levels of economic activity. This was based in large part on the observation that prices …

I have been told that everybody has dreams, but that some people habitually forget them
even before they wake up. That seems to be what happens to me. So I do not know if I have …

The analytical literature on employment, unemployment, and wage determination in poor
agrarian economies is large, albeit inconclusive. Empirical work in this area is comparatively …