Minimum Wage Contracts and Individual Wage Formation: Theory and Evidence from Danish Panel Data

Lars Haagen Pedersen, Nina Smith and Peter Stephensen

Chapter 6 in Macroeconomic Perspectives on the Danish Economy, 1999, pp 165-192 from Palgrave Macmillan

Abstract: Abstract The persistent high levels of registered unemployment in Denmark and other European countries remain one of the main challenges both to economic policy and to economic theory. Labour market reforms, tax reforms and other so-called structural reforms are central policy issues in most European countries in the 1990s. The effects of such reforms to a large extend depend upon how the reforms affect the wage determination in the economy. Against this background this chapter derives and estimates wage equations for six major union groups in the Danish labour market.

Keywords: Labour Market; Minimum Wage; Wage Rate; Unemployment Insurance; Collective Bargaining Agreement (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50103-4_6

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DOI: 10.1057/9780230501034_6

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