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dc.contributor.authorBaltagi, Badi H.en_US
dc.contributor.authorBlien, Uween_US
dc.contributor.authorWolf, Katjaen_US
dc.date.accessioned2008-09-16en_US
dc.date.accessioned2010-07-07T11:33:17Z-
dc.date.available2010-07-07T11:33:17Z-
dc.date.issued2008en_US
dc.identifier.piurn:nbn:de:101:1-2008040982en_US
dc.identifier.urihttp://hdl.handle.net/10419/35073-
dc.description.abstractIn 1994, Blanchflower and Oswald reported that they have found an 'empirical law of economics' -the Wage Curve. According to their empirical results, the elasticity of wages with respect to regional unemployment is -0.1. This holds especially for the Anglo-Saxon countries. Our paper reconsiders the western German Wage Curve using disaggregated regional data and is based on a random sample of 974,179 employees drawn from the employment statistics of the Federal Employment Services of Germany (Bundesagentur für Arbeit) over the period 1980-2004. 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. The unemployment elasticity is significant but relatively small: only between -0.02 and -0.04. We also check the sensitivity of this wage elasticity for different population groups (young versus old, men versus women, less educated versus highly educated, German native versus foreigner). We confirm that the wage elasticity is more flexible the weaker the bargaining power of the particular group.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 3433en_US
dc.subject.jelJ30en_US
dc.subject.ddc330en_US
dc.subject.keywordWage curveen_US
dc.subject.keywordregional labour marketsen_US
dc.subject.keywordPhillips curveen_US
dc.subject.stwLohnkurveen_US
dc.subject.stwRegionale Lohnstrukturen_US
dc.subject.stwRegionale Arbeitslosigkeiten_US
dc.subject.stwPhillips-Kurveen_US
dc.subject.stwSchätzungen_US
dc.subject.stwAlte Bundesländeren_US
dc.subject.stwDeutschlanden_US
dc.titleNew evidence on the dynamic wage curve for Western Germany: 1980 - 2004en_US
dc.typeWorking Paperen_US
dc.identifier.ppn56478477Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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