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The wage curve revisited: Estimates from a UK panel

Listed author(s):
  • Johnes, Geraint

Panel data from the United Kingdom are used to estimate a wage curve that allows simultaneously for time, individual, and spatial effects and which thus finesses the problem of grouped data bias. Once allowance is made for the multilevel and cross-classified nature of the data, estimates of the unemployment elasticity of the wage are seen to be volatile and imprecise.

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File URL: http://www.sciencedirect.com/science/article/pii/S0165-1765(06)00298-9
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Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 94 (2007)
Issue (Month): 3 (March)
Pages: 414-420

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Handle: RePEc:eee:ecolet:v:94:y:2007:i:3:p:414-420
Contact details of provider: Web page: http://www.elsevier.com/locate/ecolet

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  1. Hausman, Jerry, 2015. "Specification tests in econometrics," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 38(2), pages 112-134.
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  18. repec:fth:prinin:343 is not listed on IDEAS
  19. Pannenberg, Markus & Schwarze, Johannes, 1998. "Labor market slack and the wage curve," Economics Letters, Elsevier, vol. 58(3), pages 351-354, March.
  20. Moulton, Brent R., 1986. "Random group effects and the precision of regression estimates," Journal of Econometrics, Elsevier, vol. 32(3), pages 385-397, August.
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