An Introduction to the Wage Curve

This paper documents a statistical regulatity or law. It shows that there exists a downward-sloping curve linking the level of a worker's pay to the unemployment rate in the worker's region. The same curve can be found in microeconomic data sets from sixteen countries. The existence of this curve raises doubts about conventional wisdom in labor economics, regional economics, and macroeconomics.

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Year of publication:	1995
Authors:	Blanchflower, David G. ; Oswald, Andrew J.
Published in:	Journal of Economic Perspectives. - American Economic Association - AEA. - Vol. 9.1995, 3, p. 153-167
Publisher:	American Economic Association - AEA

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Extent:	application/pdf
Type of publication:	Article
Notes:	DOI: 10.1257/jep.9.3.153
Classification:	J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc ; J64 - Unemployment: Models, Duration, Incidence, and Job Search
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005756975