| Título: | The Wage Curve: A Review |
| Autores: | Card, David |
| Fecha: |
2011-10-26 2011-10-26 1995-02-01 |
| Publicador: | Universidad de Princenton |
| Fuente: |
 |
| Tipo: | Working Paper |
| Tema: |
wage curve local labor markets wage determination |
| Descripción: | In The Wage Qurve, David G. Blanchflower and Andrew J. Oswald argue that there is a fundamental negative relation between wages and the unemployment rate in a worker’s local labor market. Blanchflower and Oswald use large-scale micro data sets to estimate this relation for the United States, Britain, and 10 other countries. I review their empirical methods and findings, and provide some further evidence on the nature of the wage curve relationship in the United States. I conclude that there is a strong statistical correlation between rates of pay and local unemployment, although the interpretation of this correlation remains unresolved. |
| Idioma: | No aplica |
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