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This paper reconsiders the West German wage curve using the employment statistics of the Federal Employment Services of Germany (Bundesanstalt für Arbeit) over the period 1980-2004. This updates the earlier study by Baltagi and Blien (1998) by 15 years for a more disaggregated 326 regions of...
Persistent link: https://www.econbiz.de/10010266789
In 1994, Blanchflower and Oswald reported that they have found an 'empirical law of economics' -the Wage Curve. According to their empirical results, the elasticity of wages with respect to regional unemployment is -0.1. This holds especially for the Anglo-Saxon countries. Our paper reconsiders...
Persistent link: https://www.econbiz.de/10010268781
The wage curve identified by Blanchflower and Oswald (1994) postulates that the wage level is a decreasing function of the regional unemployment rate. In testing this hypothesis, most empirical studies have not taken into account that differences in the institutional framework may have an impact...
Persistent link: https://www.econbiz.de/10010271273
The wage curve identified by Blanchflower and Oswald (1994) postulates that the wage level is a decreasing function of the regional unemployment rate. In testing this hypothesis, most empirical studies have not taken into account that differences in the institutional framework may have an impact...
Persistent link: https://www.econbiz.de/10010299897
"At a workshop at the Institute for Employment Research (IAB) various studies were presented which attempt to test whether there is a German 'wage curve'. This is an inverse relationship between regional unemployment and regional wages. The occurrence of the wage curve can be explained by...
Persistent link: https://www.econbiz.de/10005533315
"The article presents a study on the effects of regional unemployment on regional wages. Data from the IAB employment sample for the period 1981-1990 is used to estimate a multilevel model adapted to longitudinal analysis. The results confirm the existence of wage reactions. The resulting 'wage...
Persistent link: https://www.econbiz.de/10005533429
"The flexibility of European labour markets is widely discussed by researchers and politicians. To explore the reactions of wages to regional unemployment for the first time data from a national representative survey of establishments (the IAB Establishment Panel) has been used. The results...
Persistent link: https://www.econbiz.de/10005533945
"This paper reconsiders the West German wage curve using the employment statistics of the Federal Employment Services of Germany (Bundesanstalt für Arbeit) over the period 1980-2004. This updates the earlier study by Baltagi and Blien (1998) by 15 years for a more disaggregated 326 regions of...
Persistent link: https://www.econbiz.de/10005537085
"The article presents a study on the effects of regional unemployment on regional wages. Data from the IAB employment sample for the period 1981-1990 is used to estimate a multilevel model adapted to longitudinal analysis. The results confirm the existence of wage reactions. The resulting 'wage...
Persistent link: https://www.econbiz.de/10010732835