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Wage Equations, Wage Curves and All That

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Author Info
B Bell
S Nickell
G Quintini

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Abstract

This paper is concerned with the relationship between wages and unemployment. Using UK regions and individuals as the basis for our analysis, the following questions are investigated. First, is the wage equation a relationship between unemployment and wages or wage changes? Second, can we identify the relationship completely by looking at regional wages and regional unemployment or do regional wages depend on aggregate unemployment as well? Third, are wages influenced only by the current state of the labour market or do contracts lead to wages depending on labour market conditions in the last boom or upon entry into the job? Finally is the wage-unemployment relationship influenced by inflation, competition or the housing market?

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Paper provided by Centre for Economic Performance, LSE in its series CEP Discussion Papers with number 0472.

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Date of creation: Sep 2000
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Handle: RePEc:cep:cepdps:0472

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Keywords: Wages unemployment

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. R Portes & H Rey, 2000. "The Determinants Of Cross-Border Equity Flows," CEP Discussion Papers 0446, Centre for Economic Performance, LSE. [Downloadable!]
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  2. Quah, Danny, 1999. "Internet Cluster Emergence," CEPR Discussion Papers 2293, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  3. H Lehmann & J Wadsworth, 2000. "Tenures that Shook the World: Worker Turnover in Russia, Poland and Britain," CEP Discussion Papers 0459, Centre for Economic Performance, LSE. [Downloadable!]
    Other versions:
  4. Buiter, Willem H, 2000. "Optimal Currency Areas: Why Does The Exchange Rate Regime Matter?," CEPR Discussion Papers 2366, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  5. Martin, Philippe & Rey, Hélène, 1999. "Financial Super-Markets: Size Matters for Asset Trade," CEPR Discussion Papers 2232, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  6. W. H. Buiter, 2000. "Monetary Misconceptions," CEP Discussion Papers 0469, Centre for Economic Performance, LSE. [Downloadable!]
  7. G Duranton & D Puga, 2000. "Nursery Cities: Urban Diversity, Process Innovation and the Life-Cycle of Products," CEP Discussion Papers 0445, Centre for Economic Performance, LSE. [Downloadable!]
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  8. Manning, Alan, 2001. "Labour supply, search and taxes," Journal of Public Economics, Elsevier, vol. 80(3), pages 409-434, June. [Downloadable!] (restricted)
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  9. Martin, Philippe & Rey, H., 2000. "Financial integration and asset returns," European Economic Review, Elsevier, vol. 44(7), pages 1327-1350, June. [Downloadable!] (restricted)
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  10. S Nickell & L Nunziata, 2000. "Employment Patterns in OECD Countries," CEP Discussion Papers 0448, Centre for Economic Performance, LSE. [Downloadable!]
  11. Rachel Griffith & Stephen Redding & John Van Reenen, 2000. "Mapping the two faces of R&D: productivity growth in a panel of OECD industries," IFS Working Papers W00/02, Institute for Fiscal Studies. [Downloadable!]
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  12. P. B. Kenen, 2000. "Currency Areas, Policy Domains, and the Institutionalization of Fixed Exchange Rates," CEP Discussion Papers 0467, Centre for Economic Performance, LSE. [Downloadable!]
  13. H Gospel & G Lockwood & P Willman, 2000. "The Right to Know: Disclosure of Information for Collective Bargaining and Joint Consultation," CEP Discussion Papers 0453, Centre for Economic Performance, LSE. [Downloadable!]
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  15. B Petrongolo & C A Pissarides, 2000. "Looking Into the Black Box: A Survey of the Matching Function," CEP Discussion Papers 0470, Centre for Economic Performance, LSE. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. David Campbell & Alan Carruth & Andrew Dickerson & Francis Green, 2001. "Job Insecurity and Wage Outcomes in Britain," Studies in Economics 0109, Department of Economics, University of Kent. [Downloadable!]
  2. Alan Manning, 2001. "A Generalised Model of Monopsony," CEP Discussion Papers 0499, Centre for Economic Performance, LSE. [Downloadable!]
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  3. Anna Iara & Iulia Traistaru, 2004. "How Flexible are Wages in EU Accession Countries?," ERSA conference papers ersa04p191, European Regional Science Association. [Downloadable!]
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  4. S Nickell & T Jones & G Quintini, 2000. "A Picture of Job Insecurity Facing British Men," CEP Discussion Papers 0479, Centre for Economic Performance, LSE. [Downloadable!]
    Other versions:
  5. Inmaculada García-Mainar & Víctor Montuenga-Gómez, 2003. "The Spanish Wage Curve: 1994-1996," Regional Studies, Taylor and Francis Journals, vol. 37(9), pages 929-945, December. [Downloadable!] (restricted)
  6. C Dougherty, 2000. "Numeracy, Literacy and Earnings: Evidence from the National Longitudinal Survey of Youth," CEP Discussion Papers 0478, Centre for Economic Performance, LSE. [Downloadable!]
  7. M M Tudela, 2001. "Explaining Currency Crises: A Duration Model Approach," CEP Discussion Papers 0487, Centre for Economic Performance, LSE. [Downloadable!]
  8. Marga Peeters & Ard den Reijer, 2003. "On Wage Formation, Wage Development and Flexibility: A comparison between European countries and the United States," DNB Staff Reports (discontinued) 108, Netherlands Central Bank. [Downloadable!]
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  9. Hatton, Timothy J., 2002. "Can Productivity Growth Explain NAIRU? Long-run Evidence from Britain, 1871-1999," CEPR Discussion Papers 3424, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  10. Elena Giarda, 2007. "The Worsening of Wage Expectations in Italy: a Study Based on Administrative data," LABORatorio R. Revelli Working Papers Series 57, LABORatorio R. Revelli, Centre for Employment Studies. [Downloadable!]
  11. H.M.M. Peeters & A.H.J. den Reijer, 2002. "On Wage Formation, Wage Development and Unemployment Flexibility: a Comparison between European Countries and the United States," WO Research Memoranda (discontinued) 712, Netherlands Central Bank, Research Department. [Downloadable!]
  12. Mark E Schweitzer, . "Wage flexibility in Britain: some micro and macro evidence," Bank of England working papers 331, Bank of England. [Downloadable!]
  13. H G Overman, 2000. "Neighbourhood Effects in Small Neighbourhoods," CEP Discussion Papers 0481, Centre for Economic Performance, LSE. [Downloadable!]
  14. Esteban Sanroma Melendez & Raul Ramos Lobo, 2003. "Wage curves for Spain. Evidence from the family budget survey," Working Papers in Economics 101, Universitat de Barcelona. Espai de Recerca en Economia. [Downloadable!]
  15. Kåre Johansen & Fredrik Carlsen & Knut Røed, . "Wage Formation, Regional Migration and Local Labour Market Tightness," Working Paper Series 2903, Department of Economics, Norwegian University of Science and Technology, revised 14 Feb 2003. [Downloadable!]
    Other versions:
  16. Maida Agata & Devicienti Francesco & Pacelli Lia, 2005. "The resurrection on the Italian wage curve," Department of Economics Working Papers 200502, University of Turin. [Downloadable!]
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  17. S Gomulka, 2000. "Pension Problems and Reforms in the Czech Republic, Hungary, Poland and Romania," CEP Discussion Papers 0480, Centre for Economic Performance, LSE. [Downloadable!]
  18. G Duranton & V Monastiriotis, 2000. "Mind the Gaps: the Evolution of Regional Inequalities in the UK, 1982-1997," CEP Discussion Papers 0485, Centre for Economic Performance, LSE. [Downloadable!]
  19. Barth, Erling & Bratsberg, Bernt & Naylor, Robin A. & Raaum, Oddbjørn, 2002. "Explaining Variations in Wage Curves: Theory and Evidence," Memorandum 03/2002, Oslo University, Department of Economics. [Downloadable!]
  20. David G. Blanchflower & Andrew J. Oswald, 2005. "The Wage Curve Reloaded," IZA Discussion Papers 1665, Institute for the Study of Labor (IZA). [Downloadable!]
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  21. Samuel Bentolila & Juan F. Jimeno, . "La reforma de la negociación colectiva en España," Working Papers 2002-03, FEDEA. [Downloadable!]
  22. Adriana Di Liberto & James Symons, 2001. "Education and Italian Regional Development," CEP Discussion Papers 0496, Centre for Economic Performance, LSE. [Downloadable!]
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  23. D Marsden & S French & K Kubo, 2000. "Why Does Performance Pay De-Motivate: Financial Incentives versus Perfrormance Appraisal," CEP Discussion Papers 0476, Centre for Economic Performance, LSE. [Downloadable!]
  24. Stephen Nickell & Glenda Quintini, 2001. "Nominal Wage Rigidity and the Rate of Inflation," CEP Discussion Papers 0489, Centre for Economic Performance, LSE. [Downloadable!]
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