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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
Persistent link: https://www.econbiz.de/10012780053
potential for wage-push inflation. However, real wages are falling rapidly at present and, prior to that, real wages had been … stagnant for some time. We show that unemployment is not key to understanding wage formation in the USA and hasn t been since …
Persistent link: https://www.econbiz.de/10014078744
lessons have been learned that may guide future policy. We focus on Europe and USA, but introduce evidence from other … are weekly wages and happiness. Our results show significant effects at age 50 from early adulthood unemployment. These …
Persistent link: https://www.econbiz.de/10013125472
-employed, we also include the incorporated self-employed who are paid wages and salaries. The paper presents evidence on trends in …
Persistent link: https://www.econbiz.de/10014222510