The wage curve across the wealth distribution

Roberto Iacono () and Marco Ranaldi

Economics Letters, 2020, vol. 196, issue C

Abstract: This paper studies the relationship between wages and the unemployment rate across the wealth distribution. Using microdata from Norway covering the entire population of residents between 2000 and 2015, we introduce four novel findings on this relationship. First, the share of unemployed individuals belonging to the bottom decile of the gross wealth distribution is tenfold larger than that belonging to the top decile (34% and 3.2%, respectively). Second, the share of unemployed individuals belonging to the bottom decile of the gross wealth distribution moves in the opposite manner to that of the top decile. Third, the negative slope of the wage curve is confirmed. Fourth, the wage-to-unemployment ratio increases monotonically with gross wealth.

Keywords: Wage curve; Wealth distribution; Norway (search for similar items in EconPapers)
JEL-codes: D31 E01 J30 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Working Paper: The Wage Curve Across the Wealth Distribution (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:196:y:2020:i:c:s0165176520303505

DOI: 10.1016/j.econlet.2020.109580

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