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IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/33400
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Blanchflower, David G. | | en_US |
| dc.contributor.author | | Oswald, Andrew J. | | en_US |
| dc.date.accessioned | | 2005-10-10 | | en_US |
| dc.date.accessioned | | 2010-07-07T09:11:31Z | | - |
| dc.date.available | | 2010-07-07T09:11:31Z | | - |
| dc.date.issued | | 2005 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/33400 | | - |
| dc.description.abstract | | This paper provides evidence for the existence of a wage curve - a micro-econometric association between the level of pay and the local unemployment rate - in modern U.S. data. Consistent with recent evidence from more than 40 other countries, the wage curve in the United States has a long-run elasticity of approximately -0.1. In line with the paper's theoretical framework: (i) wages are higher in states with more generous unemployment benefits, (ii) the perceived probability of job-finding is lower in states with higher unemployment, and (iii) employees are less happy in states that have higher unemployment. We conclude that it is reasonable to view the wage curve as an empirical law of economics. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | IZA Bonn | | en_US |
| dc.relation.ispartofseries | | IZA Discussion Papers 1665 | | en_US |
| dc.subject.jel | | J3 | | en_US |
| dc.subject.jel | | E2 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | wages | | en_US |
| dc.subject.keyword | | unemployment | | en_US |
| dc.subject.keyword | | wage curves | | en_US |
| dc.subject.stw | | Lohn | | en_US |
| dc.subject.stw | | Arbeitslosigkeit | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.subject.stw | | Welt | | en_US |
| dc.title | | The wage curve reloaded | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 500853894 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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