Wages and International Price Competitiveness: Germany vs U.K.

The standard bargaining model predicts that falling international price competitiveness should exert downward pressure on wages, in addition to the effect of current unemployment. Cointegration results with aggregate British and German data confirm the model for the U.K., but fail to reveal an effect on Germany's apparently declining competitiveness on wage growth. Some tentative explanations are offered.

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Year of publication:	1996-10
Authors:	Fitzroy, Felix ; Funke, Michael
Institutions:	Centre for Research into Industry, Enterprise, Finance and the Firm (CRIEFF), University of St. Andrews
Subject:	wages \| trade unions \| time series

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Series:	CRIEFF Discussion Papers.
Type of publication:	Book / Working Paper
Classification:	J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc ; J51 - Trade Unions: Objectives Structure, and Effects ; C23 - Models with Panel Data
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005807934