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Title: The Wage Curve: A Review
Authors: Card, David
Keywords: wage curve
local labor markets
wage determination
Issue Date: 1-Feb-1995
Citation: Journal of Economic Literature, Vol 33, June 1995
Series/Report no.: Working Papers (Princeton University. Industrial Relations Section) ; 343
Abstract: 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.
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Appears in Collections:IRS Working Papers

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