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E-mail Message: I thought you might be interested in this item at http://www.worldcat.org/oclc/30036929 Title: The wage curve Author: David G Blanchflower; Andrew J Oswald Publisher: Cambridge, Mass. : MIT Press, ©1994. ISBN/ISSN: 026202375X 9780262023757 OCLC:30036929

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The wage curve

Author:	David G Blanchflower; Andrew J Oswald
Publisher:	Cambridge, Mass. : MIT Press, ©1994.
Edition/Format:	Book : EnglishView all editions and formats
Summary:	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 Read more...
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Document Type:	Book
All Authors / Contributors:	David G Blanchflower; Andrew J Oswald Find more information about:
ISBN:	026202375X 9780262023757
OCLC Number:	30036929
Description:	xii, 481 p. : ill. ; 23 cm.
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.
Responsibility:	David G. Blanchflower and Andrew J. Oswald.

Abstract:

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.

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