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The wage curve identified by Blanchflower and Oswald (1994) postulates that the wage level is a decreasing function of the regional unemployment rate. In testing this hypothesis, most empirical studies have not taken into account that differences in the institutional framework may have an impact...
Persistent link: https://www.econbiz.de/10003886527
The wage curve identified by Blanchflower and Oswald (1994) postulates that the wage level is a decreasing function of the regional unemployment rate. In testing this hypothesis, most empirical studies have not taken into account that differences in the institutional framework may have an impact...
Persistent link: https://www.econbiz.de/10003904573
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In 1994, Blanchflower and Oswald reported that they have found an 'empirical law of economics' -the Wage Curve. According to their empirical results, the elasticity of wages with respect to regional unemployment is -0.1. This holds especially for the Anglo-Saxon countries. Our paper reconsiders...
Persistent link: https://www.econbiz.de/10003688782
Der sogenannte Umweltsektor produziert Technologien, Produkte und Dienstleistungen zur Prävention und Reduzierung von Umweltschäden. Vor dem Hintergrund wachsender Umweltprobleme wie dem Klimaschutz kommt diesem Sektor mehr und mehr Bedeutung zu. Im Gegensatz dazu zeigt ein theoretisches...
Persistent link: https://www.econbiz.de/10003874144