Caporale, Guglielmo MariaGil Alana, Luis A.Gil-Alana, Luis A.2026-01-192026-01-192023-08Caporale, G M & Gil-Alana, L A 2023, 'Nominal and real wages in the UK, 1750–2015 : mean reversion, persistence and structural breaks', SN Business and Economics, vol. 3, no. 8, 135. https://doi.org/10.1007/s43546-023-00516-22662-9399https://hdl.handle.net/10641/7425Publisher Copyright: © The Author(s) 2023.Este artículo analiza las propiedades estocásticas de los salarios nominales y reales del Reino Unido durante el período 1750-2015 mediante técnicas de integración fraccional. Se analizan tanto las series originales como las series logarítmicas. Los resultados sugieren, en general, que los salarios nominales presentan un mayor grado de persistencia, lo que refleja retardos relativamente largos entre la inflación y el ajuste salarial. También se llevan a cabo pruebas de ruptura endógena y se identifican diversas rupturas estructurales en ambas series. En conjunto, las estimaciones de las correspondientes submuestras implican un aumento a lo largo del tiempo del grado de persistencia de ambas series. [Traducción automática al español; idioma original: inglés.]This paper analyses the stochastic properties of UK nominal and real wages over the period 1750–2015 using fractional integration techniques. Both the original series and logged ones are analysed. The results generally suggest that nominal wages exhibit a higher degree of persistence, which reflects relatively long lags between inflation and wage adjustments. Endogenous break tests are also carried out and various structural breaks are identified in both series. On the whole, the corresponding subsample estimates imply an increase over time in the degree of persistence of both series.490286enghttp://creativecommons.org/licenses/by-nc-nd/4.0/Fractional integrationMean reversionNominal and real wagesPersistenceStructural breaksBusiness, Management and Accounting (miscellaneous)MarketingOrganizational Behavior and Human Resource ManagementTourism, Leisure and Hospitality ManagementYesyesjournal articleopen access10.1007/s43546-023-00516-2https://www.scopus.com/pages/publications/86000318354https://www.scopus.com/pages/publications/86000318354#tab=citedBy