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International wage curve

Blanchflower, David G. and Oswald, A. (1993) International wage curve. CEP Discussion Papers, CEPDP116. Centre for Economic Performance, London School of Economics and Political Science, London, UK.

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Identification Number: CEPDP116

Abstract

The paper provides international evidence for the existence of a negatively sloped locus linking the level of pay to the rate of regional (or industry) unemployment. This ''wage curve'' is found using microeconomic data for Britain, the US, Canada, Korea, Austria, Italy, Holland, Switzerland, Norway and Germany. The average unemployment elasticity of pay is approximately -0.1. The paper sets out a multi-region efficiency wage model as one possible interpretation of the data.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk
Additional Information: © 1993 The Authors
Subjects: H Social Sciences > HD Industries. Land use. Labor
Sets: Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Series: Working Papers > CEP Discussion Papers
Date Deposited: 20 Aug 2008 10:40
Last Modified: 01 Mar 2013 12:59
URI: http://eprints.lse.ac.uk/id/eprint/21001

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