Labour Flows as Determinants of the Wage-Price Spiral: An Empirical Analysis for The Netherlands
AbstractThis study presents an empirical analysis of the influence of labour market flows on wage and price formation. A system of wage, price and employment equations after Nickell (Oxford Bulletin of Economics and Statistics 49: 103-128, 1987) is estimated, including labour flows as indicators of labour market tightness in the wage equation. An impulse response analysis using this system shows how changes in the flow of layoffs (flow from employment to unemployment) may be the basis of short‐run Phillips curve effects in The Netherlands Copyright Fondazione Giacomo Brodolini and Blackwell Publishers Ltd 2001.
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Bibliographic InfoArticle provided by CEIS in its journal Labour.
Volume (Year): 15 (2001)
Issue (Month): 2 (06)
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Other versions of this item:
- Broersma, Lourens & Butter, Frank A.G. den, 1999. "Labour flows as determinants of the wage-price spiral : an empirical analysis for the Netherlands," Serie Research Memoranda 0058, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
- E24 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- J63 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Turnover; Vacancies; Layoffs
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