Fear, Unemployment and Pay Flexibility / David G. Blanchflower.

By:

Blanchflower, David G

Contributor(s):

National Bureau of Economic Research

Material type: Text

TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w3365.Publication details: Cambridge, Mass. National Bureau of Economic Research 1990.Description: 1 online resource: illustrations (black and white)Online resources:

Available additional physical forms:

Hardcopy version available to institutional subscribers

Abstract: The paper uses newly available cross-section data to study wage determination in the United Kingdom in the 1980s. The results are contrasted with those from a comparable sample from the US from 1977-1988.Abstract: 1) Fear of unemployment substantially depresses pay in both countries.Abstract: 2) There is some evidence of a wage ratchet in the UK whereby rates of pay are more flexible upwards than downwards.Abstract: 3) The unemployment elasticity of pay averages -0.1 in the UK and apparently zero in the US.Abstract: 4) Wages are almost twice as flexible in non-union and small workplaces in the UK.

Tags from this library: No tags from this library for this title. Log in to add tags.

Average rating: 0.0 (0 votes)

Holdings
Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección NBER	nber w3365 (Browse shelf(Opens below))	Not For Loan

Total holds: 0

May 1990.

The paper uses newly available cross-section data to study wage determination in the United Kingdom in the 1980s. The results are contrasted with those from a comparable sample from the US from 1977-1988.

1) Fear of unemployment substantially depresses pay in both countries.

2) There is some evidence of a wage ratchet in the UK whereby rates of pay are more flexible upwards than downwards.

3) The unemployment elasticity of pay averages -0.1 in the UK and apparently zero in the US.

4) Wages are almost twice as flexible in non-union and small workplaces in the UK.