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The Wage Curve / David G. Blanchflower, Andrew J. Oswald.
- Format:
- Book
- Author/Creator:
- Blanchflower, David G.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w3181.
- NBER working paper series no. w3181
- Language:
- English
- Subjects (All):
- Wages--Mathematical models.
- Wages.
- Unemployment--Statistical methods.
- Unemployment.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1989.
- Cambridge, Massachusetts : National Bureau of Economic Research, 1989.
- Summary:
- 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 pay or 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.
- Notes:
- Print version record
- November 1989.
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