Insiders and Outsiders in Wage Formation: The Dutch Case.
In this paper the relevance of the insider-outsider theory is investigated for the Netherlands. Estimation results of a macro wage equation show that the insider-outsider distinction has some empirical relevance, because the pay-off rate has a significant negative influence on wages. However, the extreme insider-outsider model is rejected, because wages are also found to be significantly negatively related to the rate of long-term unemployment.
Year of publication: |
1992
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Authors: | Graafland, J J |
Published in: |
Empirical Economics. - Department of Economics and Finance Research and Teaching. - Vol. 17.1992, 4, p. 583-602
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Publisher: |
Department of Economics and Finance Research and Teaching |
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