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The wage curve revisited: estimates from a UK panel

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  • G Johnes

Abstract

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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  • G Johnes, 2005. "The wage curve revisited: estimates from a UK panel," Working Papers 573979, Lancaster University Management School, Economics Department.
    • Handle: RePEc:lan:wpaper:573979
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    Cited by:

    1. Roberto Bande Ramudo & Melchor Fernández Fernández & Víctor Montuenga Gómez, 2011. "Wage flexibility and local labour markets: homogeneity of the wage curve in Spain," Documentos de trabajo - Analise Economica 0044, IDEGA - Instituto Universitario de Estudios e Desenvolvemento de Galicia.
    2. Ramos, Raul & Duque, Juan C. & Surinach, Jordi, 2010. "Is the wage curve formal or informal? Evidence for Colombia," Economics Letters, Elsevier, vol. 109(2), pages 63-65, November.
    3. López Enciso, Enrique & Ramírez Giraldo, María Teresa (ed.), 2011. "Formación de precios y salarios en Colombia T.2," Books, Banco de la Republica de Colombia, volume 2, number 2011b-04, December.
    4. Angela Stefania Bergantino & Leonardo Madio, 2019. "Intra‐ and inter‐regional commuting: Assessing the role of wage differentials," Papers in Regional Science, Wiley Blackwell, vol. 98(2), pages 1085-1114, April.
    5. Taiwo Aderemi, 2015. "Does the wage curve exist in Nigeria? Evidence from a disaggregated labour market," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 17(2), pages 184-199, October.
    6. Simonetta Longhi, 2012. "Job Competition and the Wage Curve," Regional Studies, Taylor & Francis Journals, vol. 46(5), pages 611-620, August.
    7. Graziano, Marcello & Lecca, Patrizio & Musso, Marta, 2017. "Historic paths and future expectations: The macroeconomic impacts of the offshore wind technologies in the UK," Energy Policy, Elsevier, vol. 108(C), pages 715-730.
    8. Bernard FINGLETON & Silvia PALOMBI, 2013. "The Wage Curve Reconsidered: Is It Truly An 'Empirical Law Of Economics'?," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 38, pages 49-92.
    9. Uwe Blien & Stefan Fuchs & Georg Hirte, 2013. "New advances in the analysis of regional labour markets," Papers in Regional Science, Wiley Blackwell, vol. 92(2), pages 243-248, June.
    10. Hynninen, Sanna-Mari, 2009. "Is there a wage curve for the highly educated?," ISER Working Paper Series 2009-17, Institute for Social and Economic Research.

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    Keywords

    wage curve; panel data;

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