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Are Higher Long-Term Unemployment Rates Associated with Lower Earnings?

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  • Manning, Neil

Abstract

This paper utilizes data collected at the county level over the period 1983-92 to reconsider the roles of short-run and long-run unemployment in earnings determination. The results of estimating a dynamic model of earnings determination using the generalized methods of moments approach of M. Arellano and S. Bond lend support to R. Layard and S. Nickell's conclusion that long-term unemployment has little downward pressure on earnings. This conclusion is corroborated by use of earnings equations that are nonparametric in unemployment. These suggest that short-run unemployment has a well-determined monotonically negative influence on earnings and long-term unemployment is insignificant. Copyright 1994 by Blackwell Publishing Ltd

Suggested Citation

  • Manning, Neil, 1994. "Are Higher Long-Term Unemployment Rates Associated with Lower Earnings?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 56(4), pages 383-397, November.
    • Handle: RePEc:bla:obuest:v:56:y:1994:i:4:p:383-97
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    Cited by:

    1. Rudebusch, Glenn D. & Williams, John C., 2016. "A wedge in the dual mandate: Monetary policy and long-term unemployment," Journal of Macroeconomics, Elsevier, vol. 47(PA), pages 5-18.
    2. Fredrik Carlsen & Kåre Johansen & Knut RØed, 2006. "Wage Formation, Regional Migration and Local Labour Market Tightness," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 68(4), pages 423-444, August.
    3. Camille Logeay & Silke Tober, 2003. "Time-Varying Nairu and Real Interest Rates in the Euro Area," Economics Working Papers 024, European Network of Economic Policy Research Institutes.
    4. Carlsen, Fredrik & Johansen, Kare, 2005. "Regional wages and subjective measures of employment opportunities," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 34(3), pages 377-400, May.
    5. repec:eee:labchp:v:3:y:1999:i:pc:p:3085-3139 is not listed on IDEAS
    6. Brand, Claus & Obstbaum, Meri & Coenen, Günter & Sondermann, David & Lydon, Reamonn & Ajevskis, Viktors & Hammermann, Felix & Angino, Siria & Hernborg, Nils & Basso, Henrique & Hertweck, Matthias & Bi, 2021. "Employment and the conduct of monetary policy in the euro area," Occasional Paper Series 275, European Central Bank.
    7. Rebecca Riley & Dr Garry Young, 2001. "The macroeconomic impact of the New Deal for Young People," National Institute of Economic and Social Research (NIESR) Discussion Papers 184, National Institute of Economic and Social Research.
    8. Jacobo de Uña Álvarez & Gema Álvarez Llorente & Mª Soledad Otero Giráldez, 2004. "Estimation of time spent in unemployment for married women: An application at regional level," Working Papers 0410, Universidade de Vigo, Departamento de Economía Aplicada.
    9. Antonio Rodriguez-Gil, 2018. "Hysteresis and labour market institutions. Evidence from the UK and the Netherlands," Empirical Economics, Springer, vol. 55(4), pages 1985-2025, December.

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