Conditions for linearity of the wage curve

2020 ◽  
Vol 71 (2) ◽  
pp. 449-455
Author(s):  
Christian Bidard
Keyword(s):  
Wage Curve

The Economic Imperative: Cities Need Migrants

2021 ◽  
pp. 001946622110132
Author(s):  
Astha Agarwalla ◽  
Errol D’Souza
Keyword(s):  
Rural Areas ◽  
Urban Areas ◽  
Large Scale ◽  
Market Failure ◽  
Jel Classification ◽  
Industry Concentration ◽  
Wage Curve ◽  
Economic Agents ◽  
Reverse Migration ◽  
Local Labour

The policy responses to Covid-19 have triggered large-scale reverse migration from cities to rural areas in developing countries, exposing the vulnerability of migrants living precarious lives in cities, giving rise to debates asserting to migration as undesirable and favouring policy options to discourage the process. However, the very basis of spatial concentration and formation of cities is presence of agglomeration economies, benefits accruing to economic agents operating in cities. Presence of these agglomeration benefits in local labour markets manifests themselves in the form of an upward sloping wage curve in urban areas. We estimate the upward sloping wage curve for various size classes of cities in Indian economy and establish the presence of positive returns to occupation and industry concentration at urban locations. Controlling for worker-specific characteristics influencing wages, we establish that higher the share of an industry or an occupation in local employment as compared to national economy, the desirability of firms to pay higher wages increases. For casual labourers, occupational concentration results in higher wages. However, impact of industry concentration varies across sectors. Results supporting presence of upward sloping urban wage curve, therefore, endorse policies to correct the market failure in cities and promote migration as a desirable process. JEL Classification Codes: J2, R2

The Spanish Wage Curve: 1994–1996

2003 ◽  
Vol 37 (9) ◽  
pp. 929-945 ◽  
Author(s):  
Inmaculada García-Mainar ◽  
Víctor Montuenga-Gómez
Keyword(s):  
Wage Curve

An Exposition on the Nature of the Wage Curve

1993 ◽  
Vol 95 (2) ◽  
pp. 239 ◽  
Author(s):  
John G. Sessions
Keyword(s):  
Wage Curve

scholarly journals The Wage Curve and Local Labour Markets in New Zealand

1970 ◽  
Author(s):  
Philip S. Morrison ◽  
Jacques Poot
Keyword(s):  
New Zealand ◽  
Labour Markets ◽  
Convex Curve ◽  
Grouped Data ◽  
Cross Sectional ◽  
Wage Curve ◽  
Essential Requirement ◽  
Local Labour Markets ◽  
Local Labour ◽  
Record Data

Blanchflower and Oswald argue in their 1994 book that there is a stable downward-sloping convex curve linking the level of pay to the local unemployment rate. They derived this so-called wage curve from measurements on individuals within regions (local labour markets) for several countries and periods. Other investigators have confirmed the robustness of this finding. In this paper we seek evidence for the wage curve in New Zealand drawing on data at the regional level by means of the /996 census of population and dwellings. New Zealand research is hampered by the inaccessibility of unit record data and the paper reports results based on publicly available grouped data. The results show that a cross-sectional wage curve does exist in New Zealand. The elasticity is in the range of-0.07 to -0.12, which is similar to results obtained for other countries. However, research to date has not been able to choose between competing explanations for this phenomenon. We argue that a better understanding of the dynamics of local labour markets is an essential requirement for further study of the wage curve.

scholarly journals Phillips and Wage Curves: Empirical Evidence from Bosnia and Herzegovina

2014 ◽  
Vol 2014 ◽  
pp. 1-7
Author(s):  
Edo Omerčević ◽  
Elif Nuroğlu
Keyword(s):  
Empirical Evidence ◽  
Bosnia And Herzegovina ◽  
Phillips Curve ◽  
Short Term ◽  
Empirical Examination ◽  
Wage Curve

This study is an empirical examination of the existence and characteristics of the Phillips curve and the wage curve in Bosnia and Herzegovina. The findings indicate that there is no evidence of the existence of the short-term Phillips curve. Instead, the data suggests that in the short-term an increase in inflation leads to an increase in unemployment. The estimated wage curves indicate that only increases in real payment increase employment. The conclusion of this study is that increases in inflation might have a negative short-term impact on the level of employment in Bosnia and Herzegovina.

The wage curve

1995 ◽  
Vol 33 (01) ◽  
pp. 33-0408-33-0408 ◽  
Keyword(s):  
Wage Curve
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