Research Discussion Paper – RDP 07 An Equation for Average Weekly Earnings


The purpose of this paper is to develop an equation to explain quarterly movements in average weekly earnings. Quarterly seasonally unadjusted data for the period 1959(1) to 1968(2) are used to estimate the equations.

The a priori framework underlying the equation is presented in section 2; the notation and sources of the data are given in section 3; the estimates are presented in section 4; and some implications of the estimates are noted in section 5.