Testing a Model of Trade Union Behaviour: An Application of a Multivariate Cointegration Analysis to UK Aggregate Wage Data
作者:
Silvia Fedeli,
期刊:
LABOUR
(WILEY Available online 1994)
卷期:
Volume 8,
issue 1
页码: 99-142
ISSN:1121-7081
年代: 1994
DOI:10.1111/j.1467-9914.1994.tb00219.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
ABSTRACTThe first part of the paper considers a behavioural model of trade unionism. Wages and employment are characterized as the outcome of a process by which the union maximizes an objective function containing wages and employment as arguments, and is constrained by a trade‐off between these two variables as represented by the firm's labour demand function. In the second part, the model's equilibrium predictions for wages are estimated in the framework of a multivariate error correction model and tested for cointegration with data from Britain's manufacturing sector from 1967 to 198
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