This paper, which follows in an LSE tradition begun by
Phillips and Sargan, examines the role of unemployment in
shaping pay. In contrast to most of the literature, it
1) uses microeconometric data on individuals
and workplaces
2) examines a variety of data sets as a check on
the robustness of results, and
3) studies the effects of unemployment on the real
wage level (not on the rate of change of payor
prices) .
The paper finds evidence - on British and US data - of a
wage curve. The curve has a negative gradient at low levels
of unemployment, but becomes horizontal at relatively high
levels of unemployment.
*Published:
David G. Blanchflower & Andrew J. Oswald, 1995. "The Wage Curve," MIT Press Books, The MIT Press, edition 1, volume 1, number 026202375x, April.
The Scandinavian Journal of Economics, Vol. 92, No. 2, pp. 215-235, 1990.
You may purchase this paper on-line in .pdf format
from SSRN.com ($5) for electronic delivery.
Machine-readable bibliographic record -
MARC,
RIS,
BibTeX
