Showing 1 - 10 of 169
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
Persistent link: https://www.econbiz.de/10003816185
Persistent link: https://www.econbiz.de/10011486791
Persistent link: https://www.econbiz.de/10008747055
Persistent link: https://www.econbiz.de/10001905428
Persistent link: https://www.econbiz.de/10013278451
Persistent link: https://www.econbiz.de/10003506578
Persistent link: https://www.econbiz.de/10001600834
Using the IAB Establishment Panel, which is representative for western Germany, the authors find that establishment-level wages reacted to variations in the regional unemployment rate. The elasticity of wages with respect to unemployment, they estimate, was about -0.1. This responsiveness of the...
Persistent link: https://www.econbiz.de/10014132358
Persistent link: https://www.econbiz.de/10001316897