Jackman, Richard and Savouri, S (1991) Regional wage determination in Great Britain. CEP Discussion Papers (CEPDP0047). London School of Economics and Political Science. Centre for Economic Performance, London, UK.
Full text not available from this repository.Abstract
This paper investigates the determinants of regional wages in Britain using annual data from the New Earnings Survey over the period 1974-1989. Separate wage equations are estimated for male and female workers, for manuals and non-manuals and for manufacturing industry as against non-manufacturing. The main conclusions are that local laboour market conditions (as measured by the regional unemployment rate) have a significant impact on wages only in the case of manual men. In the case of these workers we find that the relationship between wages and unemployment is best fitted by a double logarithmic form, which in turn implies that a 10 per cent reduction in the variance of male annual unemployment rates across regions could be associated with a 5 per cent fall in the average unemployment rate of this group. Differences in the wage rates of non-manual men and women across regions appears to have more to do with differences in the cost-of-living (and especially house prices) suggesting that the labour market for these groups is national rather than local in character.
| Item Type: | Monograph (Discussion Paper) |
|---|---|
| Official URL: | https://cep.lse.ac.uk/_new/publications/discussion... |
| Additional Information: | © 1991 The Author(s) |
| Divisions: | LSE |
| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor |
| JEL classification: | J - Labor and Demographic Economics > J0 - General > J00 - General R - Urban, Rural, and Regional Economics > R0 - General > R00 - General |
| Date Deposited: | 27 Apr 2007 |
| Last Modified: | 11 Dec 2024 18:18 |
| URI: | http://eprints.lse.ac.uk/id/eprint/2134 |
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