Journal article icon

Journal article

Is There a Cointegrating Vector for UK Wages?

Abstract:

An understanding of the determination of real wages is crucial in analyzing the determination of the natural rate of unemployment or NAIRU. Uses cointegration techniques to examine a core theoretical model of the long-run determinants of real wages involving unit labor costs, unemployment, union power and the replacement ratio. Considers the different measures of union power and the duration of unemployment and alternative specifications involving the "wedge" but a robust cointegrating relati...

Expand abstract

Actions


Authors


Journal:
Journal of Economic Studies
Volume:
20
Publication date:
1993-01-01
ISSN:
0144-3585
Language:
English
UUID:
uuid:417c95c2-d49e-49b2-aae8-5281ea78cd9e
Local pid:
oai:economics.ouls.ox.ac.uk:10953
Deposit date:
2011-08-16

Terms of use


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP