This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
A Cointegration Model for Search Equilibrium Wage Formation Author info | Abstract | Publisher info | Download info | Related research | Statistics L. Broersma () (Department of Economics and Department of Spatial Science, University of Groningen)
Frank A.G. den Butter () (Department of Economics, Vrije Universiteit Amsterdam)
Udo Kock () (International Monetary Fund, Washington)
Additional information is available for the following
registered author(s):
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 our study presents an econometric analysis of the influence of labor market flows on wage formation as alternative to the traditional specification of wage equations where unemployment represents the Phillips-curve or wage curve-effects. We estimate a dynamic wage equation for the Netherlands using a cointegration approach. We find that labor flows, and notably flows from outside the labor market, are important determinants for both short run and long run wage setting
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Paper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number
03-088/3.
Download reference. The following formats are available: HTML
(with abstract ),
plain text
(with abstract ),
BibTeX ,
RIS (EndNote, RefMan, ProCite),
ReDIF
Length:
Date of creation: 03 Nov 2003Date of revision:
Handle: RePEc:dgr:uvatin:20030088Contact details of provider: Web page: http://www.tinbergen.nl/
For technical questions regarding this item, or to correct its listing, contact: (Walther Schoonenberg).
Keywords: Wage curve ; Labour market flows ; Cointegration model ; Other versions of this item:
Find related papers by JEL classification: J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
This paper has been announced in the following NEP Reports :
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Paul Frijters & Bas van der Klaau, 2003.
"Job Search with Nonparticipation ,"
Paul Frijters Discussion Papers
2003-3, School of Economics and Finance, Queensland University of Technology.
[Downloadable!]
Other versions:
Frijters, Paul & van der Klaauw, Bas, 2004.
"Job Search with Nonparticipation ,"
IZA Discussion Papers
1407, Institute for the Study of Labor (IZA).
[Downloadable!] Frijters, Paul & van der Klaauw, Bas, 2003.
"Job Search with Nonparticipation ,"
CEPR Discussion Papers
3922, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Paul Frijters & Bas van der Klaauw, 2006.
"Job Search with Nonparticipation ,"
Economic Journal ,
Royal Economic Society, vol. 116(508), pages 45-83, 01.
[Downloadable!] (restricted) Lourens Broersma & Frank A. G. Den Butter, 2001.
"Labour Flows as Determinants of the Wage-Price Spiral: An Empirical Analysis for The Netherlands ,"
LABOUR ,
CEIS, Fondazione Giacomo Brodolini and Blackwell Publishing Ltd, vol. 15(2), pages 279-294, 06.
[Downloadable!] (restricted)
Other versions: Engle, Robert F & Granger, Clive W J, 1987.
"Co-integration and Error Correction: Representation, Estimation, and Testing ,"
Econometrica ,
Econometric Society, vol. 55(2), pages 251-76, March.
[Downloadable!] (restricted)
David G. Blanchflower & Andrew J. Oswald, 1990.
"The Wage Curve ,"
NBER Working Papers
3181, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions:
Blanchflower, D. & Oswald, A., 1989.
"The Wage Curve ,"
Papers
340, London School of Economics - Centre for Labour Economics.
Blanchflower, David G & Oswald, Andrew J, 1990.
" The Wage Curve ,"
Scandinavian Journal of Economics ,
Blackwell Publishing, vol. 92(2), pages 215-35.
David G. Blanchflower & Andrew J. Oswald, 1995.
"The Wage Curve ,"
MIT Press Books ,
The MIT Press,
edition 1, volume 1, number 026202375x, December.
Broersma, Lourens & den Butter, Frank A. G. & Kock, Udo, 2000.
"A national accounting system for worker flows ,"
Economics Letters ,
Elsevier, vol. 67(3), pages 331-336, June.
[Downloadable!] (restricted)
Dale T. Mortensen, 1982.
"The Matching Process as a Noncooperative Bargaining Game ,"
NBER Chapters ,
in: The Economics of Information and Uncertainty, pages 233-258
National Bureau of Economic Research, Inc.
[Downloadable!]
Edmund S. Phelps, 1968.
"Money-Wage Dynamics and Labor-Market Equilibrium ,"
Journal of Political Economy ,
University of Chicago Press, vol. 76, pages 678.
[Downloadable!] (restricted)
Mortensen, Dale T & Pissarides, Christopher A, 1994.
"Job Creation and Job Destruction in the Theory of Unemployment ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 61(3), pages 397-415, July.
[Downloadable!] (restricted)
Other versions: Blanchard, Olivier Jean & Diamond, Peter, 1992.
"The Flow Approach to Labor Markets ,"
American Economic Review ,
American Economic Association, vol. 82(2), pages 354-59, May.
[Downloadable!] (restricted)
Other versions: Diamond, Peter A, 1982.
"Wage Determination and Efficiency in Search Equilibrium ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 49(2), pages 217-27, April.
[Downloadable!] (restricted)
Blanchard, Olivier & Katz, Lawrence F, 1997.
"What We Know and Do Not Know about the Natural Rate of Unemployment ,"
Journal of Economic Perspectives ,
American Economic Association, vol. 11(1), pages 51-72, Winter.
[Downloadable!] (restricted)
Other versions:
Blanchard, O & Katz, L, 1996.
"What We Know and Do Not Know about the Natural Rate of Unemployment ,"
Working papers
96-29, Massachusetts Institute of Technology (MIT), Department of Economics.
Olivier Blanchard & Lawrence F. Katz, 1996.
"What We Know and Do Not Know About the Natural Rate of Unemployment ,"
NBER Working Papers
5822, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Broersma, Lourens & Butter, Frank A.G. den, 1999.
"An explorative empirical analysis of the influence of labour flows on wage formation using the Johansen approach ,"
Serie Research Memoranda
0059, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
[Downloadable!]
Dr. Peter Kenning & Hilke Plassmann, 2004.
"NeuroEconomics ,"
Experimental
0412005, EconWPA.
[Downloadable!]
Lars Ljungqvist & Thomas J. Sargent, 1998.
"The European Unemployment Dilemma ,"
Journal of Political Economy ,
University of Chicago Press, vol. 106(3), pages 514-550, June.
[Downloadable!] (restricted)
Other versions:
Lars Ljungqvist & Thomas J. Sargent, 1995.
"The European unemployment dilemma ,"
Working Paper Series, Macroeconomic Issues
95-17, Federal Reserve Bank of Chicago.
Ljungqvist, Lars & Sargent, Thomas J., 1997.
"The European Unemployment Dilemma ,"
Working Paper Series in Economics and Finance
178, Stockholm School of Economics.
Ljungqvist, L & Sargent, T-J, 1997.
"The European Unemployment Dilemma ,"
Research Institute of Industrial Economics Working Papers
481, Research Institute of Industrial Economics (IFN).
Lars Ljungqvist & Thomas J. Sargent, 1996.
"The European Unemployment Dilemma ,"
EUI-RSCAS Working Papers
36, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
[Downloadable!] Ljungqvist, Lars & Sargent, Thomas J., 1997.
"The European Unemployment Dilemma ,"
Working Paper Series
481, Research Institute of Industrial Economics.
[Downloadable!] Knoester, Anthonie & van der Windt, Nico, 1987.
"Real Wages and Taxation in Ten OECD Countries ,"
Oxford Bulletin of Economics and Statistics ,
Department of Economics, University of Oxford, vol. 49(1), pages 151-69, February.
Gerard J. van den Berg & Geert Ridder, 1998.
"An Empirical Equilibrium Search Model of the Labor Market ,"
Econometrica ,
Econometric Society, vol. 66(5), pages 1183-1222, September.
Other versions: Oswald, Andrew J, 1982.
"The Microeconomic Theory of the Trade Union ,"
Economic Journal ,
Royal Economic Society, vol. 92(367), pages 576-95, September.
[Downloadable!] (restricted)
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Kees Folmer, 2009.
"Why do macro wage elasticities diverge? ,"
CPB Discussion Papers
122, CPB Netherlands Bureau for Economic Policy Analysis.
[Downloadable!]
Katarzyna Budnik, 2008.
"Search Equilibrium with Migration: the Case of Poland ,"
National Bank of Poland Working Papers
45, National Bank of Poland, Economic Institute.
[Downloadable!]
Access and
download statistics Did you know? About 2700 working paper series are listed on RePEc .
This page was last updated on 2009-12-3.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .