Karanassou, Marika; Sala, Hector - Departament d'Economia Aplicada, Universitat Autònoma … - 2010
exposition by providing empirical models of wage setting and employment equations for France, Germany, Italy, Japan, Spain, the … investigates its impact on the evolution of employment. Whilst maintaining the assumption of a unitary long-run elasticity of wages … frictional growth (that is, the interplay of wage dynamics and productivity growth). In the light of this result, we consider a …