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.Full text not available from this repository.
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)|
|Additional Information:||© 1993 The Authors|
|Library of Congress subject classification:||H Social Sciences > HD Industries. Land use. Labor|
|Sets:||Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
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