Skip header navigation

University of Stirling

×

Article

An Introduction to the Wage Curve

Citation
Blanchflower D & Oswald AJ (1995) An Introduction to the Wage Curve. Journal of Economic Perspectives, 9 (3), pp. 153-167. http://www.aeaweb.org/articles.php?doi=10.1257/jep.9.3.153; https://doi.org/10.1257/jep.9.3.153

Abstract
This paper documents a statistical regulatity or law. It shows that there exists a downward-sloping curve linking the level of a worker's pay to the unemployment rate in the worker's region. The same curve can be found in microeconomic data sets from sixteen countries. The existence of this curve raises doubts about conventional wisdom in labor economics, regional economics, and macroeconomics.

Journal
Journal of Economic Perspectives: Volume 9, Issue 3

StatusPublished
Author(s)Blanchflower, David; Oswald, Andrew J
Publication date30/06/1995
URLhttp://hdl.handle.net/1893/10329
PublisherAmerican Economic Association
Publisher URLhttp://www.aeaweb.org/articles.php?doi=10.1257/jep.9.3.153
ISSN0895-3309
Scroll back to the top