Is There a Cointegrating Vector for UK Wages?
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 pow...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
1993
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