Baltagi, Badi H.; Blien, Uwe; Wolf, Katja - 2008
In 1994, Blanchflower and Oswald reported that they have found an 'empirical law of economics' -the Wage Curve … especially for the Anglo-Saxon countries. Our paper reconsiders the western German Wage Curve using disaggregated regional data … autoregressive but far from unit root. This means that this wage equation is not a pure Phillips curve, nor a static Wage Curve, and …