The wage curve / David G. Blanchflower and Andrew J. Oswald.

Author
Blanchflower, David G. [Browse]
Format
Book
Language
English
Published/​Created
Cambridge, Mass. : MIT Press, ©1994.
Description
xii, 481 pages : illustrations ; 23 cm

Availability

Copies in the Library

Location Call Number Status Location Service Notes
ReCAP - Remote StorageHD4915 .B6 1994 Browse related items Request

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    Subject(s)
    Summary note
    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, 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.
    Bibliographic references
    Includes bibliographical references (p. [451]-471) and index.
    Contents
    • 1. Introduction
    • 2. Previous Research on Wages and Unemployment across Space
    • 3. Theoretical Issues
    • 4. The U.S. Wage Curve I: Basics
    • 5. The U.S. Wage Curve II: Further Tests
    • 6. Britain's Wage Curve
    • 7. Wage Curves in Other European Countries
    • 8. Canada, South Korea, Australia, and Other Nations
    • 9. Summary and Conclusions
    • Appendix D: Canadian, Australian, and South Korean Data Files.
    ISBN
    • 026202375X
    • 9780262023757
    • 9780262517027
    • 0262517027
    LCCN
    94008882
    OCLC
    30036929
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