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German data confirms the theoretical predictions. Keywords: Unemployment ; Hysteresis ; Trade Unions ; Cointegration Contents … Union; The Bargaining Solution; Bargaining as a Theory of the Long Run; The Econometric Model; Appendix; A Macroeconometric … Analysis: The Data; Seasonal Structure; Cointegration Analysis; Discussion; Hysteresis: Hysteresis Models; Relation to Previous …
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