Schwarze, Johannes - In: Mitteilungen aus der Arbeitsmarkt- und Berufsforschung 29 (1996) 3, pp. 487-490
"The standard approach used in estimating wage curves is an individual wage function which is augmented by the inclusion of regional unemployment rates. The different aggregation level results in the standard error of the unemployment rate being underestimated and the accuracy of the 'wage...