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International Wage Curves / David G. Blanchflower, Andrew J. Oswald.
- Format:
- Book
- Author/Creator:
- Blanchflower, David G.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w4200.
- NBER working paper series no. w4200
- Language:
- English
- Subjects (All):
- Wages--Econometric models.
- Wages.
- Unemployment--Mathematical models.
- Unemployment.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1992.
- Cambridge, Massachusetts : National Bureau of Economic Research, 1992.
- Summary:
- The paper provides evidence for the existence of a negatively sloped locus linking the level of pay to the rate of regional (or industry) unemployment. This "wage curve" is estimated using microeconomic data for Britain, the US, Canada, Korea, Austria, Italy, Holland, Switzerland, Norway, and Germany, The average unemployment elasticity of pay is approximately -0.1. The paper sets out a multi-region efficiency wage model and argues that its predictions are consistent with the data.
- Notes:
- Print version record
- October 1992.
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