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Applied Economics Letters Volume 6, 1999 - Issue 2
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Original Articles

Estimates of a bargaining model of wages for the UK economy 1870-1995

PAUL TURNER
Pages 63-66 | Published online: 06 Oct 2010
 
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Abstract

This paper presents estimates of an error correction model for the real wage rate using annual data over the period 1870–1995. We find strong evidence for the existence of a cointegrating relationship between real wages, unemployment and the ratio of unemployment benefits to wages.

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