realized match. From this perspective our study presents an econometric analysis of the influence of labor market flows on wage … formation as alternative to the traditional specification of wage equations where unemployment represents the Phillips-curve or … wage curve-effects. We estimate a dynamic wage equation for the Netherlands using a cointegration approach. We find that …

strike activity is high in France if workers were successful in obtaining relatively high wage increases in collective labour … agreements in the previous year, whereas strike activity is high in the Netherlands if, in the preceding year, real wage … increases were relatively low as compared to productivity increases. Moreover it appears that the influence of strikes on wage …

. Our estimation results show that a 1 percent point decrease in unemployment rate increases wage offers with 3 percent …