Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/34176
Authors: 
Blanchflower, David G.
Oswald, Andrew J.
Year of Publication: 
2006
Series/Report no.: 
IZA Discussion Papers 2138
Abstract: 
This paper summarizes evidence for the existence of a wage curve a downward-sloping relationship between the level of pay and the local unemployment rate in modern micro data. At the time of writing, the curve has been found in 40 nations. Its elasticity is approximately -0.1.
Subjects: 
wage determination
unemployment
wage curve
Philips curve
JEL: 
J3
J4
J6
E24
E31
Document Type: 
Working Paper

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