The wage curve
Author(s)
Bibliographic Information
The wage curve
MIT Press, c1994
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Includes bibliographical references and index
Description and Table of Contents
Description
The Wage Curve casts doubt on some of the most important ideas in macroeconomics, labor economics, and regional economics. According to macroeconomic orthodoxy, there is a relationship between unemployment and the rate of change of wages. According to orthodoxy in labor economics and regional economics, an area's wage is positively related to the amount of joblessness in the area. The Wage Curve suggests that both these beliefs are incorrect.Blanchflower and Oswald argue that the stable relationship is a downward-sloping convex curve linking local unemployment and the level of pay. Their study, which is one of the most intensive in the history of social science, is based on random samples that provide computerized information on nearly four million people from sixteen countries. Throughout, the authors systematically present evidence and possible explanations for their empirical "law" of economics.
Table of Contents
- Previous research on wages and unemployment across space
- theoretical issues
- the US wage curve I - basics
- the US wage curve II - further tests
- Britain's wage curve
- wage curves in other European countries
- Canada, South Korea, Australia and other nations
- summary and conclusions. Appendices: US data files
- British data files
- European data files
- Canadian, Australian and South Korean data files.
by "Nielsen BookData"
