Hidden Bibliographic Details
| Other authors / contributors: | Butter, F. A. G. den, author.
Kock, Udo, author.
International Monetary Fund. Policy Development and Review Department, issuing body.
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| ISBN: | 1451897456
9781451897456
1281602329
9781281602329
9781451851625
1451851626
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| Notes: | Includes bibliographical references (pages 17-19).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
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
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| 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.
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| Other form: | Print version: Broersma, Lourens, 1962- Cointegration model for search equilibrium wage formation. Washington, D.C. : International Monetary Fund, ©2004
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| Standard no.: | 10.5089/9781451897456.001
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