Local and Spatial Cointegration in the Wage Curve– A Spatial Panel Analysis for German Regions

The wage curve introduced by Blanchflower and Oswald (1990, 1994) postulates a negative correlation between wages and unemployment. Empirical results focus on particular theoretical channels establishing the relationship. Panel models mostly draw on unionized bargaining or the efficiency wage hypot...

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Bibliographic Details

Published in:	MAGKS - Joint Discussion Paper Series in Economics (Band 02-2016)
Main Authors:	Kosfeld, Reinhold, Dreger, Christian
Format:	Article
Language:	English
Published:	Philipps-Universität Marburg 2016
Subjects:	global cointegration analysis regional labour markets Wirtschaft wage curve spatial panel models Economics
Online Access:	PDF Full Text
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