Wages and International Price Competitiveness: Germany vs U.K
AbstractThe standard bargaining model predicts that falling international price competitiveness should exert downward pressure on wages, in addition to the effect of current unemployment. Cointegration results with aggregate British and German data confirm the model for the U.K., but fail to reveal an effect on Germany's apparently declining competitiveness on wage growth. Some tentative explanations are offered.
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Bibliographic InfoPaper provided by Centre for Research into Industry, Enterprise, Finance and the Firm in its series CRIEFF Discussion Papers with number 9606.
Date of creation: Oct 1996
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wages; trade unions; time series;
Find related papers by JEL classification:
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- J51 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Trade Unions: Objectives, Structure, and Effects
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Longitudinal Data; Spatial Time Series
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- Franz, Wolfgang, 1999.
"Real and monetary challenges to wage policy in Germany at the turn of the millennium: technical progress, globalization and European Monetary Union,"
ZEW Discussion Papers
99-48, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- Wolfgang Franz, 1999. "Real and Monetary Challenges to Wage Policy in Germany at the Turn of the Millennium: Technical Progress, Globalization and European Monetary Union," CESifo Working Paper Series 200, CESifo Group Munich.
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