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Regional wage determination in Great Britain

Jackman, Richard and Savouri, S (1991) Regional wage determination in Great Britain. CEP discussion paper, 47. Centre for Economic Performance, London School of Economics and Political Science, London, UK.

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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: http://cep.lse.ac.uk
Additional Information: © 1991 the authors
Library of Congress subject classification: H Social Sciences > HD Industries. Land use. Labor
Sets: Research centres and groups > Greater London Group
Collections > Economists Online
Departments > Economics
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Identification Number: 47
Date Deposited: 27 Apr 2007
URL: http://eprints.lse.ac.uk/2134/

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