A wage curve for Australia?

Authors: Kennedy S.¹; Borland J.²

Source: Oxford Economic Papers, Volume 52, Number 4, October 2000 , pp. 774-803(30)

Buy & download fulltext article:

Price: $42.29 plus tax (Refund Policy)

Abstract:

This paper examines the wage curve in Australia. Regressions for weekly earnings are estimated on a pooled cross-section data set for 1982 to 1994/95. Using the preferred regression specification it is found that the elasticity of weekly earnings with respect to state-level rates of unemployment is -0.07 to -0.09. These findings are robust to a variety of modifications to the regression specification. A comparison of Australia, the US and UK is undertaken to examine how differences in wage-setting institutions between those countries might affect wage curve estimates.

Language: English

Document Type: Original article

Affiliations: Centre for Economic Policy Research, Australian National University, Australia : 1: Analytical Services, Australian Bureau of Statistics, Australia 2: Department of Economics, University of Melbourne, Parkville 3052, Australia

Publication date: 2000-10-01

More about this publication?

Oxford Economic Papers is a general economics journal, publishing refereed papers in economic theory, applied economics, econometrics, economic development, economic history, and the history of economic thought. It occasionally publishes survey articles in addition to original papers. Books are not reviewed, but substantial review articles are considered. The journal occasionally publishes survey articles in addition to original papers, and occasionally publishes special issues or symposia.