Baltagi, Badi H.; Blien, Uwe; Wolf, Katja - Institute for the Study of Labor (IZA) - 2008
autoregressive but far from unit root. This means that this wage equation is not a pure Phillips curve, nor a static Wage Curve, and … pure Phillips curve, nor a
static Wage Curve, and one should account for wage dynamics. The unemployment elasticity
is ….
JEL Classification: J30, C23, R10
Keywords: wage curve, regional labour markets, Phillips curve
Corresponding …