leader. We estimate a model of wage formation in manufacturing and in two other sectors. Deciding cointegration rank is an … cointegration analysis provides evidence that collective wage negotiations in manufacturing have defined wage norms for the rest of …

This paper assesses whether productivity and unemployment have a stable long-run relationship. We explore a panel of 19 … that unemployment and productivity are non-stationary in levels and in many individual cases these series are cointegrated … unemployment to productivity. …

I analyze the matching process in the Spanish labor market from 1994-2005. I use monthly registered unemployment data … emphasize the crucial role of the demand in generating the outflows from unemployment to employment. The ECT coefficient … from unemployment to employment appears to be the sole endogenous variable. …