Dimensions of the Wage-Unemployment Relationship in the Nordic Countries: Wage Flexibility without Wage Curves
Publikation: Working paper › Forskning
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Dimensions of the Wage-Unemployment Relationship in the Nordic Countries : Wage Flexibility without Wage Curves. / Albæk, Karsten; Asplund, Rita; Blomskog, Stig; Barth, Erling; Gudmundsson, Björn Rúnar; Karlsson, Vifill; Madsen, Erik Strøjer.
Cph. : Department of Economics, University of Copenhagen, 1999.Publikation: Working paper › Forskning
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TY - UNPB
T1 - Dimensions of the Wage-Unemployment Relationship in the Nordic Countries
T2 - Wage Flexibility without Wage Curves
AU - Albæk, Karsten
AU - Asplund, Rita
AU - Blomskog, Stig
AU - Barth, Erling
AU - Gudmundsson, Björn Rúnar
AU - Karlsson, Vifill
AU - Madsen, Erik Strøjer
N1 - JEL Classification: J30
PY - 1999
Y1 - 1999
N2 - 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
AB - 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
KW - Faculty of Social Sciences
KW - phillips curve
KW - wage curve
KW - unemployment
M3 - Working paper
BT - Dimensions of the Wage-Unemployment Relationship in the Nordic Countries
PB - Department of Economics, University of Copenhagen
CY - Cph.
ER -
ID: 161095