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Article

Testing for a U-Shaped Wage Curve. A Response

Citation
Blanchflower D & Oswald AJ (1993) Testing for a U-Shaped Wage Curve. A Response. Scandinavian Journal of Economics, 95 (2), pp. 245-248. http://www.jstor.org/stable/3440410

Abstract
First paragraph: Sessions (1993) has written an interesting theoretical note in which he provides a possible analytical justification for a "wage curve" that is U-shaped. His idea is to incorporate the stigman of unemployment into the kind of bargaining model set out in Blanchflower and Oswald (1990). In Sessions' framework, once the unemployment rate becomes sufficiently high, and thus individuals believe it is socially acceptable to be without a job, unemployment fails to dampen wage pressure.

Journal
Scandinavian Journal of Economics: Volume 95, Issue 2

StatusPublished
Author(s)Blanchflower, David; Oswald, Andrew J
Publication date30/06/1993
URLhttp://hdl.handle.net/1893/10212
PublisherWiley-Blackwell
Publisher URLhttp://www.jstor.org/stable/3440410
ISSN0347-0520
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