TY  - JOUR
AU  - Blanchflower,David G.
AU  - Oswald,Andrew J.
TI  - The Wage Curve
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 3181
PY  - 1990
Y2  - September 1990
UR  - http://www.nber.org/papers/w3181
L1  - http://www.nber.org/papers/w3181.pdf
N1  - Author contact info:
David G. Blanchflower
Bruce V. Rauner Professor of Economics
6106 Rockefeller Hall
Dartmouth College
Hanover, NH  03755-3514
Tel: 603/646-2536
Fax: 603/646-2122
E-Mail: David.G.Blanchflower@Dartmouth.EDU

Andrew Oswald
Department of Economics
University of Warwick
Coventry CV4 7AL
England
Tel: 44-01203-5235
Fax: 44-01203-5230
E-Mail: a.j.oswald@warwick.ac.uk
AB  - 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.
ER  -