@TechReport{iza:izadps:dp2138, author={Blanchflower, David G. and Oswald, Andrew J.}, title={The Wage Curve: An Entry Written for the New Palgrave, 2nd Edition}, year={2006}, month={May}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={2138}, url={https://www.iza.org/index.php/publications/dp2138}, abstract={This paper summarizes evidence for the existence of a wage curve – a downward-sloping relationship between the level of pay and the local unemployment rate – in modern micro data. At the time of writing, the curve has been found in 40 nations. Its elasticity is approximately -0.1.}, keywords={wage determination;unemployment;wage curve;Phillips curve}, }