Wage dynamics in Germany

Abstract

"This paper suggests an equation that may be used to model the nominal wage dynamics in a macroeconometric model. We proceeded along the analysis of Blanchard and Katz (1999). To a large degree our analysis confirms their claims. Yet, we found that their homogeneity assumption is violated when using German data." (Author's abstract, IAB-Doku) ((en))

Cite article

Jäger, M. & Wiemers, J. (2001): Wage dynamics in Germany. In: R. Pohl & H. P. Galler (Hrsg.) (2001): Implikationen der Währungsunion für makroökonometrische Modelle (Schriften des Instituts für Wirtschaftsforschung Halle, 08), p. 145-151.