Arbeitspapier

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.

ISBN
951-686-335-3
Language
Englisch

Bibliographic citation
Series: Bank of Finland Discussion Papers ; No. 22/1992

Classification
Wirtschaft

Event
Geistige Schöpfung
(who)
Tyrväinen, Timo
Event
Veröffentlichung
(who)
Bank of Finland
(where)
Helsinki
(when)
1992

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Tyrväinen, Timo
  • Bank of Finland

Time of origin

  • 1992

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