Long-run relations between private and public sector wages in Sweden
dc.contributor.author | Jacobson, Tor | en_US |
dc.contributor.author | Ohlsson, Henry | en_US |
dc.date.accessioned | 2006-09-11T16:31:21Z | |
dc.date.available | 2006-09-11T16:31:21Z | |
dc.date.issued | 1994-09 | en_US |
dc.identifier.citation | Jacobson, Tor; Ohlsson, Henry; (1994). "Long-run relations between private and public sector wages in Sweden." Empirical Economics 19(3): 343-360. <http://hdl.handle.net/2027.42/45832> | en_US |
dc.identifier.issn | 0377-7332 | en_US |
dc.identifier.issn | 1435-8921 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/45832 | |
dc.description.abstract | Using a maximum likelihood cointegration approach we find two long-run relationships between central government, local government, and private sector wages in Sweden. This means that there is one common trend for the three sectoral wages. Private sector wages are weakly exogenous for the estimation of the long-run relationships. This suggests that the private sector is the wage leader. Testing linear restrictions on the estimated cointegrating space, we reject stationarity for the three relative wages using likelihood ratio-tests. The hypotheses of homogeneity for the two cointegrating vectors, i.e., that wages do not diverge in the long run, is also rejected. | en_US |
dc.format.extent | 1135438 bytes | |
dc.format.extent | 3115 bytes | |
dc.format.mimetype | application/pdf | |
dc.format.mimetype | text/plain | |
dc.language.iso | en_US | |
dc.publisher | Physica-Verlag; Physica-Verlag GmbH ; Springer Science+Business Media | en_US |
dc.subject.other | Economic Theory | en_US |
dc.subject.other | E24 | en_US |
dc.subject.other | Economics General | en_US |
dc.subject.other | Economics / Management Science | en_US |
dc.subject.other | Statistics for Business/Economics/Mathematical Finance/Insurance | en_US |
dc.subject.other | Econometrics | en_US |
dc.subject.other | C32 | en_US |
dc.subject.other | J31 | en_US |
dc.title | Long-run relations between private and public sector wages in Sweden | en_US |
dc.type | Article | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.peerreviewed | Peer Reviewed | en_US |
dc.contributor.affiliationum | Department of Economics, Uppsala University, Uppsala, Sweden; Department of Economics, University of Michigan, 48109-1220, Ann Arbor, MI, USA | en_US |
dc.contributor.affiliationother | Department of Statistics, Uppsala University, Box 513, 751 20, Uppsala, Sweden | en_US |
dc.contributor.affiliationumcampus | Ann Arbor | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/45832/1/181_2005_Article_BF01205942.pdf | en_US |
dc.identifier.doi | http://dx.doi.org/10.1007/BF01205942 | en_US |
dc.identifier.source | Empirical Economics | en_US |
dc.owningcollname | Interdisciplinary and Peer-Reviewed |
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