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A wage curve for Australia? |
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| Authors: | Kennedy S; Borland J |
| Institution: | z Analytical Services, Australian Bureau of Statistics, Australia y Department of Economics, University of Melbourne, Parkville 3052, Australia Centre for Economic Policy Research, Australian National University, Australia |
| Abstract: | This paper examines the wage curve in Australia. Regressionsfor weekly earnings are estimated on a pooled cross-sectiondata set for 1982 to 1994/95. Using the preferred regressionspecification it is found that the elasticity of weekly earningswith respect to state-level rates of unemployment is -0.07 to-0.09. These findings are robust to a variety of modificationsto the regression specification. A comparison of Australia,the US and UK is undertaken to examine how differences in wage-settinginstitutions between those countries might affect wage curveestimates. |
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