Estimating a Wage Curve for Britain 1973-1990

Blanchflower, David G.; Oswald, Andrew J.

doi:10.3386/w4770

Cited by 61 publications

(35 citation statements)

References 4 publications

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“…However, a negative relationship best fits the predictions of the aforementioned non-competitive theories. The value of the elasticity of wages to the regional unemployment rates is -0.03, which is clearly below that of -0.10 that seems to be an empirical regularity in developed countries (Blanchflower and Oswald, 1994), and also below the estimates for Spain provided by García and Montuenga (2003) and by Sanromá and Ramos (2003). This low value could be the effect of certain level of territorial aggregation (here NUTS II).…”

Section: The Nature Of the Regional Wage Structurecontrasting

confidence: 56%

Collective bargaining and regional wage differences in Spain: an empirical analysis

2006

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This article analyses the importance of labour market institutions and, in particular, collective wage bargaining in shaping regional wage differences in the Spanish labour market. Using microdata from the Spanish Structure of Earnings Survey, our results reveal that there are significant inter-regional wage differences for similarly skilled workers. These differences are present throughout the whole wage structure and can be explained by both competitive and noncompetitive factors, such as an insufficient competition in product markets. In this context, industry-level collective bargaining plays a major role in accounting for regional wage differences, a role that in the Spanish case is enhanced due to its unusual regional dimension.Keywords: Wage structure; regional wage differences; collective bargaining. JEL codes: J31, J50.RESUMEN: Este trabajo analiza la importancia de las instituciones del mercado de trabajo y, en particular, el sistema de negociación colectiva en la explicación de las diferencias salariales regionales en el mercado de trabajo español. Los resultados obtenidos a partir de información microeconómica de la Encuesta de Estructura Salarial muestran la existencia de apreciables diferencias salariales entre las regiones españolas para trabajadores con habilidades productivas observadas similares. Estas diferencias salariales están presentes a lo largo de toda la estructura salarial y se explican por factores competitivos y por factores no competitivos, como la insuficiente competencia en el mercado de productos. En este contexto, la negociación colectiva sectorial es en gran medida la responsable de la diferenciación salarial entre territorios, lo que resulta facilitado por la vertiente territorial que caracteriza al sistema español de negociación colectiva Palabras clave: Estructura salarial, diferencias salariales regionales, negociación colectiva.

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Section: The Nature Of the Regional Wage Structurecontrasting

confidence: 56%

Collective bargaining and regional wage differences in Spain: an empirical analysis

2006

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“…The specification of the wage curve used by Blanchflower and Oswald (1990, 1994a, 1994b, 1995 consisted in regressing the logarithm of individual wages on a number of control variables related to personal and job characteristics and the regional unemployment rate. However, a difficulty arises because this equation…”

Section: Methodsmentioning

confidence: 99%

“…During the first half of the nineties, Blanchflower and Oswald (1990, 1994a, 1994b, 1995 developed an ambitious research program on the relationship between individual wages and local unemployment rates using several databases for a wide set of countries at the individual level. The main result of these studies was the finding of an empirical regularity, which was called "the wage curve".…”

Section: Introduction and Objectivesmentioning

confidence: 99%

A spatial panel wage curve for Spain

Ramos

Nicodemo

Sanromà

2014

Lett Spat Resour Sci

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Most empirical studies on the Spanish wage curve have ignored the possible spatial interaction effects between the regions. This paper reconsiders the Spanish wage curve using more recent data than previous studies and taking into account the role of regional spillovers. From a methodological perspective, we apply the two-step procedure proposed by Bell et al (2000) to estimate a dynamic wage curve with spatial spillovers. In a first stage, we use microdata from the Spanish Social Security Records (Muestra Continua de Vidas Laborales) to obtain composition-corrected wages that are used in a second stage to estimate a wage curve over the period 2000-2010 allowing for spatial effects of unemployment across regions. Opposite to previous studies, we find that the wage equation is highly autoregressive and that regional spillovers are relevant to explain the relationship between unemployment and wages in the Spanish provinces.

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“…El mecanismo de ajuste parcial de la ecuación (3), propuesto inicialmente por Sargan (1964) y años después por Blanchflower y Oswald (1995), podría considerarse obsoleto a la luz de estructuras aún más flexibles como el MCE. Sin embargo, es un mecanismo que tiene varias ventajas:…”

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“…En diversos trabajos, Blanchflower y Oswald (1995, 2005 han criticado la estimación agregada de la curva de Phillips o de salarios porque de acuerdo a ellos la agregación distorsiona los resultados. Estos autores se han dado a la dura tarea de estimar una curva de salarios individualmente con bases microeconómicas de encuestas de hogares.…”

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Estimación De Un Modelo Del Mercado De Trabajo Para México (1973-2006)

Arana¹

2017

PE-IPN

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RESUMENEste trabajo plantea un modelo econométrico dinámico de oferta y demanda de trabajo para México. La demanda de trabajo de largo plazo depende positivamente del producto interno bruto (PIB) y negativamente de las remuneraciones reales al trabajo. A su vez, la oferta de trabajo se manifiesta a través de una ecuación de salarios, la cual se comporta como curva de salarios en el largo plazo y como curva de Phillips en el corto plazo. El modelo se estima con técnicas de ecuaciones simultáneas combinadas con mecanismos del tipo de corrección de error.

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Estimating a Wage Curve for Britain 1973-1990

Cited by 61 publications

References 4 publications

Collective bargaining and regional wage differences in Spain: an empirical analysis

Collective bargaining and regional wage differences in Spain: an empirical analysis

A spatial panel wage curve for Spain

Estimación De Un Modelo Del Mercado De Trabajo Para México (1973-2006)

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