The wage curve within and across regions: new insights from a pairwise view of US states

Publicado en

• Empirical Economics

Resumen

• The novel application of a pairwise autoregressive distributed lag (ARDL) approach provides new insights into the regional wage–unemployment rate relationship. Using this approach, the short- and long-run wage curve slope for each US state is potentially inversely related to the unemployment rate in all other states. In terms of the oft-cited Blanchflower and Oswald elasticity, there is mixed evidence in support of a $$-\,0.1$$ - 0.1 wage curve slope. We find that the pairwise wage curve slope is driven by factors that include state-level home-ownership and education attainment. Our findings suggest that short-run wage flexibility decreased during the period following the Great Recession.

autores

• Holmes, Mark
• Otero, Jesús

fecha de publicación

• 2022

Área temática

• C33 - Modelos de ecuaciones múltiples/simultáneas; Variables múltiples: Modelos con datos de panel; Modelos espacio-temporales
• E24 - Empleo; Desempleo; Salarios; Distribución intergeneracional de ingresos; Capital humano agregado; Productividad del trabajo agregada
• J31 - Nivel y estructura salarial; Diferencias salariales
• J61 - Movilidad geográfica de la mano de obra; Trabajadores inmigrantes

Enfoque geográfico

• Estados Unidos  Country
• North America  Continent

Líneas de investigación

• ARDL
• Home-ownership
• Pairwise
• Unemployment rate
• Wage curve
• Wages

Identificador de objeto digital (DOI)

• https://doi.org/10.1007/s00181-021-02097-1

Volumen

• 62

Issue

• 5