Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/92443 
Year of Publication: 
1993
Series/Report no.: 
Diskussionspapier No. 5
Publisher: 
Universität Konstanz, Forschungsschwerpunkt Internationale Arbeitsmarktforschung, Konstanz
Abstract: 
In this paper a variety of theories concerning the wage and price formation in Germany are tested. More specifically, wage and price equations are specified in a fairly general manner which nests several theoretical arguments (such as the target real wage bargaining model, hysteresis effects, outsider ineffectiveness, interindustry wage competition) and a perceived tradeoff between reductions in working time and wage increases. Related arguments hold for the price setting process. Recently developed econometric techniques such as error correction models are applied.
JEL: 
J31
Document Type: 
Working Paper

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