Are Higher Long-Term Unemployment Rates Associated with Lower Earnings?

Neil Manning

Oxford Bulletin of Economics and Statistics, 1994, vol. 56, issue 4, 383-97

Abstract: This paper utilizes data collected at the county level over the period 1983-92 to reconsider the roles of short-run and long-run unemployment in earnings determination. The results of estimating a dynamic model of earnings determination using the generalized methods of moments approach of M. Arellano and S. Bond lend support to R. Layard and S. Nickell's conclusion that long-term unemployment has little downward pressure on earnings. This conclusion is corroborated by use of earnings equations that are nonparametric in unemployment. These suggest that short-run unemployment has a well-determined monotonically negative influence on earnings and long-term unemployment is insignificant. Copyright 1994 by Blackwell Publishing Ltd

Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:bla:obuest:v:56:y:1994:i:4:p:383-97

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