Nijkamp, Peter; Poot, Jacques - 2003
rates has been found. Following Blanchflower and Oswald (1990), this relationship is referred to as the wage curve. The … elasticity of this wage curve has been reported to be so similar across studies, at a level of about -0.1, that Card (1995 …) called it an empirical law of economics. However, there is considerable heterogeneity among wage curve studies. This paper …