Elhorst, J. Paul; Blien, Uwe; Wolf, Katja - In: International Regional Science Review 30 (2007) 2, pp. 173-191
Following Blanchflower and Oswald, a “wage curve†describes the wage level as a downward-sloping convex curve of the regional unemployment rate. This article makes two major contributions in the analysis of the wage curve. First, it is recognized that potential endogeneity of the...