TY  - JOUR
AU  - Blanchflower,David G.
AU  - Oswald,Andrew J.
TI  - International Wage Curves
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 4200
PY  - 1992
Y2  - October 1992
UR  - http://www.nber.org/papers/w4200
L1  - http://www.nber.org/papers/w4200.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
M1  - published as David G. Blanchflower, Andrew Oswald. "International Wage Curves," in Richard B. Freeman and Lawrence F. Katz, Editors, "Differences and Changes in Wage Structures" University of Chicago Press (1995)

AB  - The paper provides evidence for the existence of a negatively sloped locus linking the level of pay to the rate of regional (or industry) unemployment. This "wage curve" is estimated using microeconomic data for Britain, the US, Canada, Korea, Austria, Italy, Holland, Switzerland, Norway, and Germany, The average unemployment elasticity of pay is approximately -0.1. The paper sets out a multi-region efficiency wage model and argues that its predictions are consistent with the data.
ER  -