The Wage Curve: An Entry Written for the New Palgrave, 2nd Edition

This paper summarizes evidence for the existence of a wage curve - a downward-sloping relationship between the level of pay and the local unemployment rate - in modern micro data. At the time of writing, the curve has been found in 40 nations. Its elasticity is approximately -0.1.

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Year of publication:	2006-05
Authors:	Blanchflower, David G. ; Oswald, Andrew J.
Institutions:	Institute for the Study of Labor (IZA)
Subject:	wage determination \| unemployment \| wage curve \| Phillips curve

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Extent:	application/pdf
Series:	IZA Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 2138 8 pages
Classification:	J3 - Wages, Compensation, and Labor Costs ; J4 - Particular Labor Markets ; J6 - Mobility, Unemployment, and Vacancies ; E24 - Employment; Unemployment; Wages ; E31 - Price Level; Inflation; Deflation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005763868