Research output

Article in Journal ()

Testing for a U-Shaped Wage Curve. A Response

Blanchflower D & Oswald AJ (1993) Testing for a U-Shaped Wage Curve. A Response, Scandinavian Journal of Economics, 95 (2), pp. 245-248.

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.

AuthorsBlanchflower David, Oswald Andrew J
Publication date06/1993
ISSN 0347-0520

Scandinavian Journal of Economics: Volume 95, Issue 2 (JUN 1993)

© University of Stirling FK9 4LA Scotland UK • Telephone +44 1786 473171 • Scottish Charity No SC011159
My Portal