EconPapers    
Economics at your fingertips  
 

Domensions of the Wage-Unemployment Relationship in the Nordic Countries: Wage Flexibility without Wage Curves

Karsten Albæk, R. Asplund, S. Blomskog, Erling Barth (), B.R. Guomundsson, V. Karlsson and Erik Madsen

Working Papers from Carleton - School of Public Administration

Abstract: This paper analyses wage formation in the Nordic countries at the regional level by the use of micro-data. Our results deviate systematically from the main conclusions drawn by Blanchflower and Oswald (1994). We find no stable negative relation between wages and unemployment across regions in the Nordic labor markets once regional fixed effects are accounted for. Wage formation at the regional level is characterized by considerable persistence, but unemployment exerts no immediate influence on wages at the regional level. There is no evidence of a wage curve, nor of a Phillips curve, at the regional level in the Nordic countries. The results are consistent with a theoretical model where central bargaining agents determine a national wage increment, and local bargaining agents determine wage drift.

Keywords: WAGES; UNEMPLOYMENT; REGIONAL ECONOMY (search for similar items in EconPapers)
JEL-codes: J30 J31 (search for similar items in EconPapers)
Date: 1999
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Dimensions of the Wage-Unemployment Relationship in the Nordic Countries: Wage Flexibility Without Wage Curves (2000) Downloads
Working Paper: Dimensions of the Wage-Unemployment Relationship in the Nordic Countries: Wage Flexibility without Wage Curves (1999) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fth:carlad:99-24

Access Statistics for this paper

More papers in Working Papers from Carleton - School of Public Administration Carleton University, School of Public Administration, Ottawa, Canada K1S 5B6.. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().

 
Page updated 2019-12-05
Handle: RePEc:fth:carlad:99-24