Insiders and Outsiders in Wage Formation: The Dutch Case
AbstractIn this paper the relevance of the insider-outsider theory is investigated for the Netherlands. Estimation results of a macro wage equation show that the insider-outsider distinction has some empirical relevance, because the pay-off rate has a significant negative influence on wages. However, the extreme insider-outsider model is rejected, because wages are also found to be significantly negatively related to the rate of long-term unemployment.
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Bibliographic InfoArticle provided by Springer in its journal Empirical Economics.
Volume (Year): 17 (1992)
Issue (Month): 4 ()
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- Anabela Carneiro & Pedro Portugal, 2004.
"Market Power, Dismissal Threat, and Rent Sharing: the Role of Insider and Outsider Forces in Wage Bargaining,"
CEF.UP Working Papers
0403, Universidade do Porto, Faculdade de Economia do Porto.
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- Anabela Carneiro & Pedro Portugal, 2006. "Market Power, Dismissal Threat and Rent Sharing: The Role of Insider and Outsider Forces in Wage Bargaining," Working Papers w200610, Banco de Portugal, Economics and Research Department.
- Carneiro, Anabela & Portugal, Pedro, 2006. "Market Power, Dismissal Threat and Rent Sharing: The Role of Insider and Outsider Forces in Wage Bargaining," IZA Discussion Papers 2102, Institute for the Study of Labor (IZA).
- Graafland, J.J., 1991. "From Phillips curve to wage curve," MPRA Paper 21077, University Library of Munich, Germany.
- Assar Lindbeck & Dennis J. Snower, 2001. "Insiders versus Outsiders," Journal of Economic Perspectives, American Economic Association, vol. 15(1), pages 165-188, Winter.
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