Affiliation:
1. Institute for Employment Research (IAB) Nuremberg Germany
2. EBS Business School Frankfurt a.M. Germany
Abstract
AbstractThis paper analyses the entire wage effects of unemployment for an especially long observation period. In a three‐step approach, the wage reaction at the national level (wage‐setting curve or aggregate wage equation) is added to the reaction at the regional level (wage curve). Spatial models with instrumental variables are used.
Subject
Management, Monitoring, Policy and Law,Development,Geography, Planning and Development