Baltagi, Badi H.; Başkaya, Yusuf Soner; Hülagü, Timur - 2011
26 NUTS-2 regions over the period 2005 - 2008. When the local unemployment rate is treated as predetermined, there is … evidence in favor of the wage curve only for younger and female workers. However, if the lagged unemployment rate is used as an … instrument for current unemployment rate, we find an unemployment elasticity of -0.099. We also find a higher elasticity for …