Nijkamp, Peter; Poot, Jacques - 2005
been found. In their book, The Wage Curve, Blanchflower and Oswald argued that the unemployment elasticity of pay is around ….5 and +0.1. There is also considerable heterogeneity among wage curve studies in terms of data and model specification. This … methods give similar results for our sample. An unbiased estimate of the wage curve elasticity at the means of study …