Title: The wage curve
Description: "This paper summarizes evidence for the existence of a wage curve -- a downward-sloping relationship between the level of pay and the local unemployment rate -- in modern micro data. At the time of writing, the curve has been found in 40 nations. Its elasticity is approximately -0.1"--Forschungsinstitut zur Zukunft der Arbeit web site.
Subjects: Wages, Statistical methods, Unemployment