Spatial Heterogeneity and the Wage Curve revisited

Arbeitspapier

Most ‘wage curve’ studies treat local labour markets as independent ‘islands’ in the national economy. However, when a local labour market is in close proximity of other labour markets, a local shock that increases unemployment may not lead to lower pay rates if employers fear outward migration of their workers. Hence, the unemployment elasticity of pay will be greater, the more isolated the local labour market is. Wages are also expected to be higher in regions that interact strongly with other regions. These hypotheses are confirmed by means of an estimation of wage curves with data for 327 regions of western Germany over the period 1990-97.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Tinbergen Institute Discussion Paper ; No. 04-054/3

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Labor Force and Employment, Size, and Structure ; Wages, Compensation, and Labor Costs: General ; Urban, Rural, Regional, Real Estate, and Transportation Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics
• Thema: Unemployment ; wage formation ; spatial analysis ; local monopsony ; Germany ; Regionaler Arbeitsmarkt ; Regionale Lohnstruktur ; Lohnbildung ; Schätzung ; Deutschland

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Longhi, Simonetta ; Nijkamp, Peter ; Poot, Jacques
• Ereignis: Veröffentlichung
• (wer): Tinbergen Institute
• (wo): Amsterdam and Rotterdam
• (wann): 2004

Weitere Informationen

• Handle: http://hdl.handle.net/10419/86238
• Letzte Aktualisierung: 12.07.2024, 13:23 MESZ