Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/85770
Authors: 
Broersma, L.
den Butter, Frank A.G.
Kock, Udo
Year of Publication: 
2003
Series/Report no.: 
Tinbergen Institute Discussion Paper 03-088/3
Abstract: 
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
Subjects: 
Wage curve
Labour market flows
Cointegration model
JEL: 
J31
C51
Document Type: 
Working Paper

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