NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Wage Curve

David G. Blanchflower, Andrew J. Oswald

NBER Working Paper No. 3181 (Also Reprint No. r1449)
Issued in November 1989
NBER Program(s):   LS

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 pay or 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.

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Document Object Identifier (DOI): 10.3386/w3181

Published:

  • The Scandinavian Journal of Economics, Vol. 92, No. 2, pp. 215-235, 1990. citation courtesy of
  • David G. Blanchflower & Andrew J. Oswald, 1995. "The Wage Curve," MIT Press Books, The MIT Press, edition 1, volume 1, number 026202375x, April. citation courtesy of

 
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