Kingdon, Geeta G.; Knight, John B. - Centre for the Study of African Economies (CSAE), … - 1999
, a relationship christened a ‘wage curve’. This contradicts the conventional model of the labour market in which high … unemployment regions have higher wages to compensate for search and other costs. This paper discovers a wage curve in South Africa …, a country with several times the typical unemployment rate of OECD countries. The wage curve elasticity in South Africa …