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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/10003688782
Blanchflower and Oswald (1994) reported that they have found an ‘empirical law of economics' – the Wage Curve. Our paper reconsiders the western German Wage Curve using disaggregated regional data and is based on almost one million employees drawn from the Federal Employment Services of...
Persistent link: https://www.econbiz.de/10013127138
A wage curve is a decreasing function of wages on the regional unemployment rate. Most empirical studies on the wage curve ignore possible spatial interaction effects between the regions which are the primary units of research. This paper reconsiders the western German wage curve with a special...
Persistent link: https://www.econbiz.de/10013127372
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/10013324826
In this paper we find evidence that the new economic geography approach is able to describe and explain the spatial characteristics of an economy, in our case the German economy. Using German district data we estimate the structural parameters of a new economic geography model as developed by...
Persistent link: https://www.econbiz.de/10010295495
This paper analyzes an important shock to local labor demand in the financial services sector: firm relocation to Delaware following a Supreme Court ruling and state legislation in the 1980s. Using synthetic controls and bordering states, I find significant effects on employment growth, the...
Persistent link: https://www.econbiz.de/10011667818
Throughout the world, strong dispersions of both regional and national unemployment rates can be observed. The economic theory has developed various explanations on how this differences occur. Corresponding models mainly aim at institutional and political framework, insider effects, efficiency...
Persistent link: https://www.econbiz.de/10009424775
Which of Germanys regions is the most attractive? Where is it best to live and work - on objective grounds? These questions are summed up in the concept "quality of life". This paper uses recent research projects that determine this parameter to examine the spatial distribution of quality of...
Persistent link: https://www.econbiz.de/10009355452
Empirical research on agglomeration and regional economic growth puts high emphasis on the impact of specialization, diversity, and competition on regional employment dynamics (Glaeser et al. 1992, Henderson et al. 1995, Blien et al. 2006, Fuchs 2009). However, Beugelsdijk (2006) and Raspe/van...
Persistent link: https://www.econbiz.de/10012619736
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