Wage Curve

A Wage Curve is an Economic Statistic that is a negative relationship between the levels of unemployment and wages that arises when these variables are expressed in geographically local terms.

• Context:
  • It can propose that, all other things being equal, an Employed Worker in an Area of High Unemployment will earn less than one in an Area of Low Unemployment.
• See: David Blanchflower, Andrew Oswald.

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References

2014

• (Wikipedia, 2014) ⇒ http://en.wikipedia.org/wiki/Wage_curve Retrieved:2014-3-22.
  • The wage curve is the negative relationship between the levels of unemployment and wages that arises when these variables are expressed in local terms. According to David Blanchflower and Andrew Oswald (1994, p. 5), the wage curve summarizes the fact that "A worker who is employed in an area of high unemployment earns less than an identical individual who works in a region with low joblessness."

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