EconPapers    
Economics at your fingertips  
 

Investigating a Wage Curve for New Zealand

Kerry Papps ()

New Zealand Economic Papers, 2001, vol. 35, issue 2, 218-239

Abstract: This paper examines evidence for a stable inverse relationship between the wages paid to workers and the unemployment rate across local labour markets in New Zealand, a phenomenon known as the wage curve. A variety of specifications of the wage curve are examined. Overall, weighted least squares estimates reveal a value of the unemployment elasticity of pay that is close to the international consensus estimate of— 0.1. Some support is also found for the concept of a positive long-run relationship between wages and unemployment existing alongside the wage curve. However, there is evidence of potential endogeneity of the unemployment rate, although data limitations severely restrict the availability of suitable instruments.

Date: 2001
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/00779950109544340 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:nzecpp:v:35:y:2001:i:2:p:218-239

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RNZP20

DOI: 10.1080/00779950109544340

Access Statistics for this article

New Zealand Economic Papers is currently edited by Gail Pacheco

More articles in New Zealand Economic Papers from Taylor & Francis Journals
Bibliographic data for series maintained by ().

 
Page updated 2020-09-16
Handle: RePEc:taf:nzecpp:v:35:y:2001:i:2:p:218-239