A cointegration model for search equilibrium wage formation
作者： F.A.G. den Butter , L. Broersma , U. Kock
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摘要: In flow models of the labor market, wages are determined by negotiations between workers and employers on surplus value a realized match. From this perspective our study presents an econometric analysis influence market flows wage formation as alternative to traditional specification equations where unemployment represents Phillips-curve or curve-effects. We estimate dynamic equation for Netherlands using cointegration approach. find that flows, notably from outside important determinants both short run long setting
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