English, Article, Journal or magazine article edition: The Wage Curve David G. Blanchflower; Andrew J. Oswald

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Bookmark: http://trove.nla.gov.au/version/167768
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • The Wage Curve
Author
  • David G. Blanchflower
  • Andrew J. Oswald
Physical Description
  • preprint
Notes
  • This paper, which follows in an LSE tradition begun by Phillips and Sargan, examines the role of unemployment in shaping pay. In contrast to most of the literature, it 1) uses microeconometric data on individuals and workplaces 2) examines a variety of data sets as a check on the robustness of results, and 3) studies the effects of unemployment on the real wage level (not on the rate of change of payor prices) . The paper finds evidence - on British and US data - of a wage curve. The curve has a negative gradient at low levels of unemployment, but becomes horizontal at relatively high levels of unemployment.
  • RePEc:nbr:nberwo:3181
Language
  • English
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