|Appears in Collections:||Economics Journal Articles|
|Peer Review Status:||Refereed|
|Title:||Estimating a wage curve for Britain 1973-90|
Oswald, Andrew J
|Citation:||Blanchflower D & Oswald AJ (1994) Estimating a wage curve for Britain 1973-90. Economic Journal, 104 (426), pp. 1025-1043. https://doi.org/10.2307/2235062|
|Abstract:||Following Phillips's original work on the UK, applied research on unemployment and wages has been dominated by the analysis of highly aggregated time-series data sets. However, it has proved difficult with such methods to uncover statistically reliable models. This paper adopts a different approach. It uses microeconomic data on 175 000 British workers from 1973 to 1990 to provide evidence for the existence of a negatively sloped relationship linking the level of pay to the local rate of unemployment. The paper casts doubt on standard ideas in macroeconomics, regional economics and labour economics.|
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