Wage setting, taxes and demand for labour: Multivariate analysis of the cointegration relations

As an outcome of modelling wage setting and demand for labour in a bargaining framework, a lO-dimensional vector space is defined. This overparametrized system is reduced by means of conditioning. Structural restrictions which identify the long-run relations of interest are specified. The restrictions which characterize wage setting and labour demand schedules are imposed and tested first separately and then jointly.

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Year of publication:	1992
Authors:	Tyrväinen, Timo
Publisher:	Helsinki : Bank of Finland

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Series:	Bank of Finland Discussion Papers ; 22/1992
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
ISBN:	951-686-335-3
Other identifiers:	hdl:10419/211651 [Handle] RePEc:zbw:bofrdp:rdp1992_022 [RePEc]
Source:	EconStor

Persistent link: https://www.econbiz.de/10012147582