TY - BOOK ID - 137960767 TI - Estimating a Wage Curve for Britain 1973-1990 AU - Blanchflower, David G. AU - Oswald, Andrew J. AU - National Bureau of Economic Research. PY - 1994 PB - Cambridge, Mass. National Bureau of Economic Research DB - UniCat KW - Phillips curve. KW - Wages KW - Unemployment KW - Econometric models. KW - Regional disparities. UR - https://www.unicat.be/uniCat?func=search&query=sysid:137960767 AB - Following Phillip'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 1973-1990 to provide evidence for the existence of a negatively sloped relationship linking the level of pay to the local rate of unemployment. This 'wage curve' is found to have an elasticity of approximately -0.1. Contrary to the Phillips Curve, no autoregression is found in wages. The paper casts doubt on standard ideas in macroeconomics, regional economics and labour economics. ER -