Further Evidence on Disaggregated Wage Curves: The Case of Spain
AbstractIndividual data from the Spanish Family Budget Survey (EPF 1990-1991) are used to estimate disaggregated wage curves (industry sector, gender, age, schooling, and occupation). The results show a wage curve for all employees with an elasticity of -0.13. It is also concluded that less protected labour market groups - young workers, manual workers and building sector workers - have a higher elasticity of wages to local unemployment. These results indicate a greater facility of firms in these segments to set wages as a function of the unemployment rate and they are supportive of efficiency wage theoretical models.
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Bibliographic InfoArticle provided by Bankwest Curtin Economics Centre (BCEC), Curtin Business School in its journal Australian Journal of Labour Economics.
Volume (Year): 8 (2005)
Issue (Month): 3 (September)
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Postal: GPO Box U1987, Perth WA 6845
Web page: http://business.curtin.edu.au/research/publications/journals/ajle/
More information through EDIRC
Wages; Compensation; and Labor Costs: Public Policy (wage subsidies; minimum wage legislation) Macroeconomics; Employment; Unemployment; Wages; wage indexation;
Find related papers by JEL classification:
- J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
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