Forslund, Anders (contributor); Gottfries, Nils (contributor) - 2006
’ resistance to wage increases via the
efficiency wage mechanism.
16
What is relevant for wage setting in the model above is the … relative to scope, except possibly for Sweden. Some other variable must enter
into the wage setting relation and one candidate … wage setting
curve (18) implies cointegration between w-s, b, and u. In the special case when workers have
no bargaining …