wage curve

A graph of the relation between the local rate of unemployment, on the horizontal axis, and the local wage rate, on the vertical axis. Blanchflower and Oswald show that this relation is downward sloping. That is, locally high wages and locally low unemployment are correlated. Source: Blanchflower and Oswald, The Wage Curve, Ch 4 Contexts: labor
Found on http://www.econterms.com/glossary.cgi?query=wage+curve

Wage curve

==An explanation for the Wage Curve== 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 an hour of ...
Found on http://en.wikipedia.org/wiki/Wage_curve

Wage Curve

Depicts pay rates currently being paid for each job within a pay grade in relation with the rankings
Found on http://www.encyclo.co.uk/local/22403
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