Johnes, G (2005) The wage curve revisited: estimates from a UK panel. Working Paper. The Department of Economics, Lancaster University.
Panel data from the United Kingdom are used to estimate a wage curve that allows simultaneously for time, individual, and spatial effects and which thus finesses the problem of grouped data bias. Once allowance is made for the multilevel and cross-classified nature of the data, estimates of the unemployment elasticity of the wage are seen to be volatile and imprecise.
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