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- W1570334603 abstract "THE INFLUENCE OF LABOUR MARKET DYNAMICS ON WAGE FORMATION by Lourens BROERSMA and Frank A.G. DEN BUTTER Applied Labour Economics Research Team Department of Economics Vrije Universiteit De Boelelaan 1105 1081 HV Amsterdam ABSTRACT This paper surveys empirical Phillips curve and wage curve models for The Netherlands. It provides a simple theoretical model with which an appropriate specification for Phillips curve and wage curve models can be derived, which reckons with labour market tightness and fits into a flow model of the labour market. We find that in particular the short term unemployment-vacancy ratio and flows from unemployment to employment affect the wage formation process. AUTHORS' NOTE Correspondence to the first author, Free University, Department of Eonomics, De Boelelaan 1105, 1081 HV Amsterdam, The Netherlands; phone: (+31) (0)20-5484633, fax: (+31) (0)20-6462645, e-mail:LBROERSMA@ECON.VU.NL. - 1 -" @default.
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- W1570334603 date "1993-01-01" @default.
- W1570334603 modified "2023-09-27" @default.
- W1570334603 title "The Influence of Labour market dynamics on Wage Formation" @default.
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