Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/211651 
Year of Publication: 
1992
Series/Report no.: 
Bank of Finland Discussion Papers No. 22/1992
Publisher: 
Bank of Finland, Helsinki
Abstract: 
As an outcome of modelling wage setting and demand for labour in a bargaining framework, a lO-dimensional vector space is defined. This overparametrized system is reduced by means of conditioning. Structural restrictions which identify the long-run relations of interest are specified. The restrictions which characterize wage setting and labour demand schedules are imposed and tested first separately and then jointly.
Persistent Identifier of the first edition: 
ISBN: 
951-686-335-3
Document Type: 
Working Paper

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