171:
indicates that the employed home-owners are less likely to become unemployed, and they are also more likely to be employed in jobs with high stability and therefore less likely to change jobs. The unemployed home-owners are more likely to find jobs within the local areas, and less likely to find jobs which would necessitate a move. The overall picture suggests that although home-owners are reluctant to move around, they are more often than not employed, and therefore not contributing to the unemployment rate.
2075:
22:
132:
an hour of leisure or rest, for an hour's worth of wages. Let's say that X is the maximum number of hours a person can work, and $ A is the minimum hourly wage rate he expects in return. Any wage $ B, greater than $ A, will increase the worker's daily wage without increasing the hours of work. So if you need more hours of work than X, you need to hire more people.
131:
One way to understand the wage curve is as follows. The labour supply of each individual is positively correlated to wages, therefore the higher is the hourly wage offered, the more hours an individual is willing to work. However, there is a limit to which every person would be willing to sacrifice
147:
and most people are already working X hours a day. It is very hard to find people who are not already earning $ A an hour, and because of that you must match the money offer elsewhere in order to get someone to work for you. The wage level in this scenario would be higher than the earlier scenario.
139:
Say that there are not very many jobs in the labour market, unemployment is high and a lot of people are under-employed (working much fewer than X hours). In this situation the going rate is likely to be lower than $ A as it is very unlikely that an employee would be asked to work for X hours. You
170:
However recently some micro econometric evidence suggests that the relationship between home-ownership and unemployment is slightly more complicated. People who are employed are more likely to be able to afford a mortgage, and are therefore more likely to have bought their own home. The evidence
135:
Say you need to purchase Y hours of labour from the labour market. Let us assume that Y = 4X. This means that Y is four times as much as one labourer's maximum labour offer. If you pay $ A an hour then you can hire 4 labourers to work for X hours each. However, depending on the labour market
159:
It is utilised to explain why within a country, some regions suffer worse unemployment than others. Labourers could, but, for whatever reasons, are unwilling to migrate from regions with high unemployment, low wage areas to low unemployment, high wage areas.
167:. The worker might be deterred from moving because of the costs involved in selling off their home and moving. Blanchflower and Oswald have found that the unemployment rate is positively correlated to home-ownership rate in a cross country study.
123:(1994, p. 5), the wage curve summarizes the fact that "A worker who is employed in an area of high unemployment earns less than an identical individual who works in a region with low joblessness."
151:
In short, the lower unemployment is and the fewer laborers there are available, the higher the wages. The contrary is true when unemployment is high. This is the essence of the wage curve.
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32:
1960:
115:
is the negative relationship between the levels of unemployment and wages that arises when these variables are expressed in local terms. According to
1804:
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One of the reasons why unemployed labourers would not want to migrate to other areas with plenty of jobs is because of
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would save money by hiring more than 4 labourers with each of them working fewer than X hours.
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2015:
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120:
2050:
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15:
209:
199:
An End to the Rule of Fish Market
Economics. Will Hutton.
43:
1219:
List of countries by rate of fatal workplace accidents
1968:
1887:
1728:
1602:
1467:
1359:
1326:
1189:
1114:
991:
913:
847:
634:
556:
500:
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247:
225:
8:
48:introducing citations to additional sources
232:
218:
210:
1961:Comprehensive Employment and Training Act
1805:Job losses caused by the Great Recession
482:Simultaneous recruiting of new graduates
38:Relevant discussion may be found on the
1986:Credentialism and educational inflation
192:
1857:List of countries by unemployment rate
7:
750:Practice-based professional learning
136:conditions, other options are open:
1303:Workers' right to access the toilet
14:
127:An explanation for the wage curve
2074:
2073:
1367:Corporate collapses and scandals
31:relies largely or entirely on a
20:
1867:Employment-to-population ratio
1239:Occupational health psychology
1:
1955:Works Progress Administration
1847:Unemployment Convention, 1919
1259:Personal protective equipment
807:Occupational Outlook Handbook
2036:Psychopathy in the workplace
1209:Human factors and ergonomics
2021:Narcissism in the workplace
1234:Occupational exposure limit
2166:
1950:Civil Works Administration
1832:Technological unemployment
1308:Workplace health promotion
760:Professional certification
457:Personality–job fit theory
155:Implications of wage curve
2069:
1930:Guaranteed minimum income
1515:Organizational commitment
143:Say the labour market is
2099:Aspects of organizations
1780:Involuntary unemployment
1341:Equal pay for equal work
1264:Repetitive strain injury
765:Professional development
755:Professional association
437:Letter of recommendation
2084:Aspects of corporations
2046:Slow movement (culture)
1925:Employer of last resort
1827:Structural unemployment
1765:Frictional unemployment
1204:Epilepsy and employment
1091:Performance-related pay
1025:National average salary
938:996 working hour system
2094:Aspects of occupations
1900:Unemployment insurance
1852:Unemployment extension
1822:Reserve army of labour
1627:Constructive dismissal
1434:Sleeping while on duty
1399:Exploitation of labour
1281:Sick building syndrome
452:Person–environment fit
322:Independent contractor
203:. 25 July 1994. p. 12.
2104:Aspects of workplaces
1842:Unemployment benefits
1837:Types of unemployment
1775:Graduate unemployment
1669:Letter of resignation
1298:Workers' compensation
1291:Occupational fatality
795:Vocational university
395:Employment counsellor
1910:Job creation program
1686:Mandatory retirement
1639:Employee offboarding
1459:Workplace incivility
1454:Workplace harassment
1229:Occupational disease
1224:Occupational burnout
1139:Disability insurance
983:Workweek and weekend
963:Retroactive overtime
785:Vocational education
700:Continuing education
538:Permanent employment
44:improve this article
1815:Recession-proof job
1810:Lists of recessions
1748:Economic depression
1696:Retirement planning
1577:Work–life interface
1414:Employee monitoring
1382:Corporate behaviour
1372:Accounting scandals
1254:Occupational stress
1244:Occupational injury
775:Reflective practice
770:Professional school
492:Work-at-home scheme
412:Induction programme
390:Employment contract
370:Business networking
2150:Wages and salaries
2078:See also templates
1915:Job creation index
1879:Youth unemployment
1743:Discouraged worker
1632:Wrongful dismissal
1612:At-will employment
1485:Civil conscription
1449:Workplace bullying
1336:Affirmative action
1318:Workplace wellness
1249:Occupational noise
885:Long service leave
745:Overspecialization
725:Induction training
680:Career development
117:David Blanchflower
2127:
2126:
2026:Post-work society
2006:Kiss up kick down
1738:Barriers to entry
1703:Severance package
1535:Human trafficking
1429:Sexual harassment
1409:Employee handbook
1328:Equal opportunity
1191:Safety and health
1181:Take-home vehicle
790:Vocational school
740:Lifelong learning
715:Further education
675:Career counseling
670:Career assessment
447:Overqualification
109:
108:
94:
2157:
2140:Economics curves
2114:Critique of work
2109:Corporate titles
2077:
2076:
1996:Evil corporation
1862:Employment rates
1785:Jobless recovery
1753:Great Depression
1713:Golden parachute
1708:Golden handshake
1505:Job satisfaction
1495:Critique of work
1313:Workplace phobia
1144:Health insurance
1101:Wage compression
1069:Progressive wage
923:35-hour workweek
890:No call, no show
880:Leave of absence
730:Knowledge worker
658:Master craftsman
462:Personality hire
400:Executive search
380:Curriculum vitae
365:Background check
234:
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93:
52:
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16:
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2130:
2129:
2128:
2123:
2119:Organized labor
2089:Aspects of jobs
2065:
2056:Toxic workplace
1991:Emotional labor
1964:
1888:Public programs
1883:
1800:Great Recession
1770:Full employment
1758:Long Depression
1724:
1622:Banishment room
1598:
1520:Refusal of work
1463:
1387:Corporate crime
1355:
1322:
1185:
1110:
987:
909:
843:
720:Graduate school
630:
552:
496:
487:Underemployment
346:
290:Self-employment
265:Contingent work
255:Academic tenure
248:Classifications
243:
238:
208:
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37:
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5:
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2041:Sunday scaries
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2013:
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1790:Phillips curve
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1691:Retirement age
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1646:
1644:Exit interview
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1406:
1401:
1396:
1394:Discrimination
1391:
1390:
1389:
1384:
1379:
1374:
1363:
1361:
1357:
1356:
1354:
1353:
1348:
1346:Gender pay gap
1343:
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1320:
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1206:
1201:
1195:
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1187:
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1177:
1176:
1166:
1161:
1159:Parental leave
1156:
1154:Marriage leave
1151:
1149:Life insurance
1146:
1141:
1136:
1131:
1126:
1120:
1118:
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1111:
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1038:
1037:
1032:
1022:
1017:
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1007:
1005:Income bracket
1001:
999:
989:
988:
986:
985:
980:
975:
970:
965:
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945:
940:
935:
933:Eight-hour day
930:
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690:Creative class
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648:Apprenticeship
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616:Scarlet-collar
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332:Temporary work
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300:Skilled worker
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181:Phillips curve
176:
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165:home-ownership
156:
153:
128:
125:
107:
106:
42:. Please help
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2019:
2017:
2016:Make-work job
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1946:
1943:
1941:
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1936:
1935:Right to work
1933:
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1928:
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1921:
1920:Job guarantee
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1911:
1908:
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1905:Make-work job
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1679:
1677:
1676:Restructuring
1674:
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1655:
1654:Notice period
1652:
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1585:
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1570:
1566:
1563:
1561:
1560:Unfree labour
1558:
1556:
1553:
1551:
1548:
1546:
1543:
1541:
1538:
1536:
1533:
1531:
1530:Bonded labour
1528:
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1518:
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1473:
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1466:
1460:
1457:
1455:
1452:
1450:
1447:
1445:
1444:Whistleblower
1442:
1440:
1437:
1435:
1432:
1430:
1427:
1425:
1422:
1420:
1417:
1415:
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710:Employability
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121:Andrew Oswald
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64:
61: –
60:
56:
55:Find sources:
49:
45:
41:
35:
34:
33:single source
29:This article
27:
23:
18:
17:
2145:Unemployment
2051:Toxic leader
2031:Presenteeism
2011:Labor rights
2001:Going postal
1976:Bullshit job
1959:
1944:
1939:
1873:
1730:Unemployment
1582:Downshifting
1565:Wage slavery
1545:Penal labour
1500:Dead-end job
1490:Conscription
1269:Right to sit
1124:Annual leave
1106:Working poor
1042:Minimum wage
1020:Maximum wage
978:Working time
968:Six-hour day
865:Career break
827:Professional
621:Black-collar
591:White-collar
571:Green-collar
548:Volunteering
385:Drug testing
375:Cover letter
315:Tradesperson
201:The Guardian
200:
195:
169:
162:
158:
150:
142:
138:
134:
130:
112:
110:
97:
87:
80:
73:
66:
59:"Wage curve"
54:
30:
1940:Historical:
1664:Resignation
1604:Termination
1587:Slow living
1555:Truck wages
1540:Labour camp
1468:Willingness
1360:Infractions
1015:Living wage
958:Remote work
626:Gold-collar
581:Pink-collar
576:Grey-collar
566:Blue-collar
533:Labour hire
508:Cooperative
472:Recruitment
427:Job hunting
360:Application
342:Wage labour
327:Labour hire
280:Job sharing
100:August 2007
2134:Categories
1874:Wage curve
1681:Retirement
1594:Workaholic
1572:Work ethic
1439:Wage theft
1424:Labour law
1419:Evaluation
1404:Dress code
1169:Sick leave
1134:Child care
1096:Salary cap
1010:Income tax
973:Shift work
905:Time clock
900:Sick leave
895:Sabbatical
860:Break room
848:Attendance
817:Profession
802:Mentorship
780:Retraining
705:E-learning
601:New-collar
596:Red-collar
543:Supervisor
523:Internship
442:Onboarding
310:Technician
305:Journeyman
275:Gig worker
241:Employment
187:References
113:wage curve
70:newspapers
2061:Workhouse
1981:Busy work
1795:Recession
1659:Pink slip
1617:Dismissal
1480:Careerism
1074:Singapore
1052:Hong Kong
915:Schedules
834:Tradesman
735:Licensure
695:Education
665:Avocation
606:No-collar
586:Precariat
467:Probation
422:Job fraud
40:talk page
1969:See also
1895:Workfare
1720:Turnover
1116:Benefits
997:salaries
953:Overtime
943:Flextime
875:Gap year
870:Furlough
839:Vocation
822:Operator
685:Coaching
640:training
518:Employer
513:Employee
417:Job fair
295:Side job
175:See also
1945:U.S.A.:
1550:Peonage
1525:Slavery
1475:Boreout
1214:Karoshi
1164:Pension
948:On-call
653:Artisan
337:Laborer
84:scholar
1649:Layoff
1199:Crunch
1057:Europe
1047:Canada
1035:Europe
636:Career
477:Résumé
352:Hiring
260:Casual
86:
79:
72:
65:
57:
1510:McJob
1030:World
993:Wages
855:Break
501:Roles
145:tight
91:JSTOR
77:books
995:and
638:and
405:list
119:and
111:The
63:news
528:Job
46:by
2136::
233:e
226:t
219:v
102:)
98:(
88:·
81:·
74:·
67:·
50:.
36:.
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