Construct · 1 fields · 1 citations

wage curve: a standalone construct

One name. One construct. A landmark on the map.

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Labor economics

the negative relationship between the level of pay in a local labor market and the local unemployment rate.

In labor economics, wage curve refers to the negative relationship between the level of pay in a local labor market and the local unemployment rate. This meaning comes from Blanchflower (1995) in Journal of Economic Perspectives.[1]

Unit
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Nearby constructs

labor4 fields · 4 citationsjingle · one word, four constructs level1 fields · 1 citationsanchor · a standalone construct market3 fields · 5 citationsjingle · one word, three constructs

References

Blanchflower, D. G., & Oswald, A. J. (1995). An Introduction to the Wage Curve. Journal of Economic Perspectives, 9(3), 153-167. https://doi.org/10.1257/jep.9.3.153

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