Wage equations, wage curves and all that

Brian Bell, Stephen Nickell and Glenda Quintini ()

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: This paper is concerned with the relationship between wages and unemployment. Using UK regions and individuals as the basis for our analysis, the following questions are investigated. First, is the wage equation a relationship between unemployment and wages or wage changes? Second, can we identify the relationship completely by looking at regional wages and regional unemployment or do regional wages depend on aggregate unemployment as well? Third, are wages influenced only by the current state of the labour market or do contracts lead to wages depending on labour market conditions in the last boom or upon entry into the job? Finally is the wage-unemployment relationship influenced by inflation, competition or the housing market?

Keywords: wages; unemployment (search for similar items in EconPapers)
JEL-codes: E24 J30 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2000-09
References: Add references at CitEc
Citations: View citations in EconPapers (14)

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http://eprints.lse.ac.uk/20165/ Open access version. (application/pdf)

Related works:
Journal Article: Wage equations, wage curves and all that (2002)
Working Paper: Wage Equations, Wage Curves and All That (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:20165

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