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Differences and Changes in Wage Structures

  • Economics


International Wage Curves This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research Volume Title: Differences and Changes in Wage Structures Volume Author/Editor: Richard B. Freeman and Lawrence F. Katz, Editors Volume Publisher: University of Chicago Press Volume ISBN: 0-226-26160-3 Volume URL: Conference Date: July 12-24, 1992 Publication Date: January 1995 Chapter Title: International Wage Curves Chapter Author: David G. Blanchflower, Andrew Oswald Chapter URL: Chapter pages in book: (p. 145 - 174) 4 International Wage Curves David G. Blanchflower and Andrew J. Oswald This paper uses international microeconomic data to document the existence of an inverse relation between workers’ pay and the local rate of unemploy- ment. This relation, or wage curve, is estimated for regions using data for Brit- ain, the United States, Canada, Austria, Italy, Holland, Switzerland, and Nor- way.’ Evidence of an equivalent relation is presented for industries2 using data David G. Blanchflower is professor of economics at Dartmouth College and a research associate of the National Bureau of Economic Research. He is also a research associate of the Centre for Economic Performance, London School of Economics. Andrew J. Oswald is a senior research fellow at the London School of Economics. This paper draws on work done for a monograph, The Wage Curve, to be published by the MIT Press. Richard Freeman, George Johnson, and Larry Katz provided valuable detailed comments. The authors also received suggestions and help from John Abowd, Fran Blau, John Bauer, David Card, Bob Gregory, Alan Gustman, Bertil Holmlund, Richard Layard, John Schmitt, Dennis Snower, Bob Topel, and Steve Venti. Prakash Loungani and Lamy Katz generously provided data on variables suitable for instrumenting U.S. unemployment. This work was supported by the Eco- nomic and Social Research C

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