A wage curve for Australia?

Citation
S. Kennedy et J. Borland, A wage curve for Australia?, OX ECON PAP, 52(4), 2000, pp. 774-803
Citations number
32
Categorie Soggetti
Economics
Journal title
OXFORD ECONOMIC PAPERS-NEW SERIES
ISSN journal
00307653 → ACNP
Volume
52
Issue
4
Year of publication
2000
Pages
774 - 803
Database
ISI
SICI code
0030-7653(200010)52:4<774:AWCFA>2.0.ZU;2-K
Abstract
This paper examines the wage curve in Australia. Regressions for weekly ear nings are estimated on a pooled cross-section data set for 1982 to 1994/95. Using the preferred regression specification it is found that the elastici ty of weekly earnings with respect to state-level rates of unemployment is -0.07 to -0.09. These findings are robust to a variety of modifications to the regression specification. A comparison of Australia, the US and UK is u ndertaken to examine how differences in wage-setting institutions between t hose countries might affect wage curve estimates.