Kolar, Gašper; Fir, Nejc - In: Naše gospodarstvo : NG 70 (2024) 1, pp. 34-49
determinants of real wages for Estonia between 2006Q3 and 2022Q3 and Latvia between 2004Q1 and 2022Q3. The lagged dependent … variable exerts the most considerable impact on real wages, i.e., real wages in the preceding quarter. We find that … the Estonian model, real productivity has a relatively stronger impact than unemployment in explaining real wages. In both …