Skip to content
RDP 8806: Employment, Output and Real Wages
Equation (2′)
1n
E
t
=
b
o
+
b
1
1
nY
t
+
b
2
1
nY
t
−
1
+
b
3
1
nW
t
+
b
4
1
nW
t
−
1
+
b
5
T
+
b
6
1
nE
t-1
+
b
7
1
nE
t-1
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeymaiaab6 gacaGGfbWaaSbaaSqaaiaabshaaeqaaOGaeyypa0JaaeOyamaaBaaa leaacaaIWaaabeaakiaadUcacaqGIbWaaSbaaSqaaiaaigdaaeqaaO GaaGymaiaab6gacaqGzbWaaSbaaSqaaiaabshaaeqaaOGaam4kaiaa bkgadaWgaaWcbaGaaGOmaaqabaGccaaIXaGaaeOBaiaabMfadaWgaa WcbaGaaeiDaiabgkHiTiaaigdaaeqaaOGaam4kaiaabkgadaWgaaWc baGaaG4maaqabaGccaaIXaGaaeOBaiaabEfadaWgaaWcbaGaaeiDaa qabaGccaWGRaGaaeOyamaaBaaaleaacaaI0aaabeaakiaaigdacaqG UbGaae4vamaaBaaaleaacaqG0bGaeyOeI0IaaGymaaqabaGccqGHRa WkcaqGIbWaaSbaaSqaaiaaiwdaaeqaaOGaaeivaiaadUcacaqGIbWa aSbaaSqaaiaaiAdaaeqaaOGaaGymaiaab6gacaqGfbWaaSbaaSqaai aabshacaqGTaGaaeymaaqabaGccqGHRaWkcaqGIbWaaSbaaSqaaiaa iEdaaeqaaOGaaGymaiaab6gacaqGfbWaaSbaaSqaaiaabshacaqGTa Gaaeymaaqabaaaaa@6B86@