International Wage Curves

David Blanchflower and Andrew Oswald

No 4200, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The paper provides evidence for the existence of a negatively sloped locus linking the level of pay to the rate of regional (or industry) unemployment. This "wage curve" is estimated using microeconomic data for Britain, the US, Canada, Korea, Austria, Italy, Holland, Switzerland, Norway, and Germany, The average unemployment elasticity of pay is approximately -0.1. The paper sets out a multi-region efficiency wage model and argues that its predictions are consistent with the data.

Date: 1992-10
Note: LS
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Published as Differences and Changes in Wage Structures, ed. Katz and Freeman, University of Chicago Press, 1995
Published as International Wage Curves , David G. Blanchflower, Andrew Oswald. in Differences and Changes in Wage Structures , Freeman and Katz. 1995

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Related works:
Chapter: International Wage Curves (1995)
Working Paper: International Wage Curve (1993)
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