EconStor >
Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg >
IAB-Discussion Paper, Institut für Arbeitsmarkt- und Berufsforschung (IAB) >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/31897
  
Title:Phillips Curve or wage curve?: evidence from West Germany: 1980-2004 PDF Logo
Authors:Baltagi, Badi H.
Blien, Uwe
Wolf, Katja
Issue Date:2007
Series/Report no.:IAB discussion paper 2007,14
Abstract: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 West Germany. It is based on a random sample of 417,426 individuals drawn from the population of employees whose establishments are required to report to the social insurance system. We find that the wage equation is highly autoregressive but far from unit root. This means that this wage equation is not a pure Phillips curve, nor a static wage curve, and one should account for wage dynamics. This in turn leads to a smaller but significant unemployment elasticity of -0.02 up to -0.03 rather than the -0.07 reported in the static wage curve results reported by Baltagi and Blien (1998).
Subjects:Arbeitslosenquote
Lohnhöhe
regionaler Arbeitsmarkt
Lohnkurve
IAB-Beschäftigtenstichprobe
Phillipskurve
Westdeutschland
Bundesrepublik Deutschland
JEL:C23
J30
J60
Document Type:Working Paper
Appears in Collections:IAB-Discussion Paper, Institut für Arbeitsmarkt- und Berufsforschung (IAB)

Files in This Item:
File Description SizeFormat
52778317X.PDF177.67 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/31897

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.