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E-book
Author Broersma, Lourens, 1962- author.

Title A cointegration model for search equilibrium wage formation / Lourens Broersma, Frank A.G. den Butter, and Udo Kock
Published Washington, D.C. : International Monetary Fund, ©2004

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Description 1 online resource (19 pages)
Series IMF working paper ; WP/04/92
IMF working paper ; WP/04/92.
Contents Contents -- I. INTRODUCTION -- II. WAGES AS A SHARED SURPLUS OF MATCHES IN THE LABOR MARKET -- III. EMPIRICAL IMPLEMENTATION -- IV. CONCLUSION -- APPENDIX I. DATA APPENDIX -- APPENDIX II. UNIT ROOT TESTS -- REFERENCES
Summary In flow models of the labor market, wages are determined by negotiations between workers and employers on the surplus value of a realized match. From this perspective, this paper presents an econometric analysis of the influence of labor market flows on wage formation as an alternative to the traditional specification of wage equations in which unemployment represents Phillipscurve or wage-curve effects. The paper estimates a dynamic wage equation for the Netherlands using a cointegration approach. It finds that labor flows, and notably flows from outside the labor market, are important determinants of both short-run and long-run wage setting
Bibliography Includes bibliographical references (pages 17-19)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Wages -- Netherlands -- Econometric models
Cointegration -- Netherlands -- Econometric models
Labor markets -- Netherlands -- Econometric models
Wages -- Econometric models
Wages -- Econometric models
Netherlands
Form Electronic book
Author Butter, F. A. G. den, author.
Kock, Udo, author.
International Monetary Fund. Policy Development and Review Department, issuing body.
ISBN 1451897456
9781451897456
1281602329
9781281602329
9781451851625
1451851626