Glossary of economics research
Results of search for wage curve follow:
wage curve:
A graph of the relation between the local rate of unemployment, on the
horizontal axis, and the local wage rate, on the vertical axis. Blanchflower
and Oswald show that this relation is downward sloping.
That is, locally high wages and locally low unemployment are
correlated.
Source: Blanchflower and Oswald, The Wage Curve, Ch 4
Contexts: labor
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