TY - RPRT AU - Blanchflower, David G. AU - Oswald, Andrew J. TI - The Wage Curve: An Entry Written for the New Palgrave, 2nd Edition PY - 2006/May/ PB - Institute of Labor Economics (IZA) CY - Bonn T2 - IZA Discussion Paper IS - 2138 UR - https://www.iza.org/publications/dp2138 AB - 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. KW - wage determination KW - unemployment KW - wage curve KW - Phillips curve ER -