oaioai:eprints.lse.ac.uk:21001

International wage curve

Authors
Publication date
1 February 1993
Publisher
London School of Economics and Political Science. Centre for Economic Performance

Abstract

The paper provides international 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 found 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 as one possible interpretation of the data

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oaioai:eprints.lse.ac.uk:21001
Last time updated on 10/02/2012

This paper was published in LSE Research Online.

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