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

Publikation: Working paper › Forskning

Standard

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

Harvard

Albæk, K, Asplund, R, Blomskog, S, Barth, E, Gudmundsson, BR, Karlsson, V & Madsen, ES 1999 'Dimensions of the Wage-Unemployment Relationship in the Nordic Countries: Wage Flexibility without Wage Curves' Department of Economics, University of Copenhagen, Cph.

APA

Albæk, K., Asplund, R., Blomskog, S., Barth, E., Gudmundsson, B. R., Karlsson, V., & Madsen, E. S. (1999). Dimensions of the Wage-Unemployment Relationship in the Nordic Countries: Wage Flexibility without Wage Curves. Department of Economics, University of Copenhagen.

Vancouver

Albæk K, Asplund R, Blomskog S, Barth E, Gudmundsson BR, Karlsson V o.a. Dimensions of the Wage-Unemployment Relationship in the Nordic Countries: Wage Flexibility without Wage Curves. Cph.: Department of Economics, University of Copenhagen. 1999.

Author

Albæk, Karsten ; Asplund, Rita ; Blomskog, Stig ; Barth, Erling ; Gudmundsson, Björn Rúnar ; Karlsson, Vifill ; Madsen, Erik Strøjer. / Dimensions of the Wage-Unemployment Relationship in the Nordic Countries : Wage Flexibility without Wage Curves. Cph. : Department of Economics, University of Copenhagen, 1999.

Bibtex

@techreport{e523ef4086bd11dbbee902004c4f4f50,
title = "Dimensions of the Wage-Unemployment Relationship in the Nordic Countries: Wage Flexibility without Wage Curves",
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 = "Faculty of Social Sciences, phillips curve, wage curve, unemployment",
author = "Karsten Alb{\ae}k and Rita Asplund and Stig Blomskog and Erling Barth and Gudmundsson, {Bj{\"o}rn R{\'u}nar} and Vifill Karlsson and Madsen, {Erik Str{\o}jer}",
note = "JEL Classification: J30",
year = "1999",
language = "English",
publisher = "Department of Economics, University of Copenhagen",
address = "Denmark",
type = "WorkingPaper",
institution = "Department of Economics, University of Copenhagen",

}

RIS

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