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dc.contributor.authorBlanchflower, David G.en
dc.contributor.authorOswald, Andrew J.en
dc.date.accessioned2005-10-10-
dc.date.accessioned2010-07-07T09:11:31Z-
dc.date.available2010-07-07T09:11:31Z-
dc.date.issued2005-
dc.identifier.urihttp://hdl.handle.net/10419/33400-
dc.description.abstractThis 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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x1665en
dc.subject.jelJ3en
dc.subject.jelE2en
dc.subject.ddc330en
dc.subject.keywordwagesen
dc.subject.keywordunemploymenten
dc.subject.keywordwage curvesen
dc.subject.stwLohnen
dc.subject.stwArbeitslosigkeiten
dc.subject.stwTheorieen
dc.subject.stwWelten
dc.titleThe wage curve reloaded-
dc.type|aWorking Paperen
dc.identifier.ppn500853894en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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