ISBN: 3540412441
TITLE: A Macroeconomic Model of West German Unemployment
AUTHOR: M. Reutter
TOC:

1. Introduction 1
2. Econometric Methods 9
2.1 Cointegration Analysis 10
2.2 Modeling Seasonality 16
3. The Union-Firm Bargain 23
3.1 Bargaining Models 25
3.2 Empirical Tests 29
4. The Bargaining Solution 33
4.1 Definitions 34
4.2 The Allocation Set 35
4.3 The Proportional Solution 37
4.4 Why the Proportional Solution? 39
4.5 An Evaluation of Arguments Against the Proportional Solution 44
5. Labour Market Models and Wage Dynamics 47
5.1 A Unified Framework 48
5.2 An Empirical Implication 52
5.3 Empirical Results 54
5.4 Conclusions 60
5.5 Appendix 60
6. A Model of Involuntary Unemployment 63
6.1 The Firm 64
6.2 The Union 66
6.3 The Bargaining Solution 68
6.4 Bargaining as a Theory of the Long Run 71
6.5 The Econometric Model 72
6.6 Appendix 74
7. A Macroeconometric Analysis 79
7.1 The Data 79
7.2 Seasonal Structure 81
7.3 Cointegration Analysis 85
7.4 Discussion 91
8. Hysteresis 93
8.1 Hysteresis Models 93
8.2 Relation to Previous Studies 98
8.3 Hysteresis in German Unemployment 101
9. Conclusions 109
Author Index 113
Subject Index 115
END
