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

Paul Turner ()

Applied Economics Letters, 1999, vol. 6, issue 2, 63-66

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.

Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:6:y:1999:i:2:p:63-66

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DOI: 10.1080/135048599353645

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