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
Authors:	Blanchflower, David G. ; Oswald, Andrew J.
Publisher:	Bonn : Institute for the Study of Labor (IZA)
Subject:	wage determination \| unemployment \| wage curve \| Philips curve

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Series:	IZA Discussion Papers ; 2138
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	520814452 [GVK] hdl:10419/34176 [Handle]
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:	EconStor

Persistent link: https://www.econbiz.de/10010268080