Wage formation and the macroeconomic function of the Norwegian labour market:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | Undetermined |
| Veröffentlicht: |
Oslo-Kongsvinger
Statistisk Sentrålbyra
1995
|
| Schriftenreihe: | Sosiale og økonomiske studier
89 |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | 306 S. |
| ISBN: | 8253741413 |
Internformat
MARC
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| 100 | 1 | |a Stølen, Nils Martin |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Wage formation and the macroeconomic function of the Norwegian labour market |c Nils Martin Stølen |
| 264 | 1 | |a Oslo-Kongsvinger |b Statistisk Sentrålbyra |c 1995 | |
| 300 | |a 306 S. | ||
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| 490 | 1 | |a Sosiale og økonomiske studier |v 89 | |
| 710 | 2 | |a Norwegen |b Statistisk sentralbyrå |e Sonstige |0 (DE-588)8990-4 |4 oth | |
| 830 | 0 | |a Sosiale og økonomiske studier |v 89 |w (DE-604)BV012025669 |9 89 | |
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| 999 | |a oai:aleph.bib-bvb.de:BVB01-008140848 | ||
Datensatz im Suchindex
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| adam_text | Wage Formation Social and Economic Studies 89
Contents 1 Introduction and summary 9
1.1 Introduction 9
1.2 The main features of the development in the Norwegian labour market
1970 1991 11
1.3 A survey of economic theories for labour market and wage formation 12
1.4 Wage formation in Norway, some empirical evidence 15
1.5 The labour market in the macroeconomic model MODAG 18
2. The main features of the development in the Norwegian labour
market 1970 1990 23
2.1. Employment, labour supply and unemployment 23
2.1.1 Employment. 25
2.1.2 The labour force 27
2.1.3 Unemployment 28
2.2 Mismatch and structural problems in the Norwegian labour market 30
2.3 Institutional background for the Norwegian wage settlements 34
2.3.1 The degree of organization 35
2.3.2 An overview of the Norwegian income settlements 1970 1991 37
2.3.3 Central wage increases and wage drift 38
2.3.4 Conflicts 41
2.4 Wage growth in different sectors 41
2.4.1 Comparable wage statistics 41
2.4.2 Growth in relative wages between different industries 43
2.5 Possible factors behind wage growth in manufacturing industries and
consequences for growth in real disposable incomes and competitiveness .... 45
2.5.1 Consumer prices, output prices and prices on competing foreign products .... 45
2.5.2 Productivity 47
2.5.3 Taxes 47
2.5.4 Real disposable income 48
2.5.5 The functional distribution of income 48
2.5.6 International competitiveness for Norwegian manufacturing industries 49
3. A survey of economic theories for labour market and wage formation.. 51
3.1 Introduction 51
3.2 Theories for labour market and wage formation under assumption of no
organization among employees 52
3.2.1 Perfect competition 53
3.2.2 Disequilibrium in the labour market 57
3.2.3 Implicit contracts 59
3.2.4 Efficiency wages 59
3.3 Trade unions and wage formation 61
3.3.1 The preferences of a trade unions 62
3.3.2 Monopolistic trade unions 66
3.3.3 Efficient bargaining 69
3.3.4 Bargaining with right to manage 72
3.3.5 Bargaining with implicit profit sharing 74
Social and Economic Studies 89 Wage Formation
3.3.6 Profit sharing 75
3.4 Macroeconomic policy and wage formation in economies with a central
trade union 76
3.4.1 Wage formation under a central trade union compared with several local uions 77
3.4.2 Centralized wage setting with accomodating policy 79
3.4.3 Methods of restoring equilibrium 81
3.4.4 Wage setting and macroeconomic policy in an intertemporal game 82
3.4.5 The accommodation dilemma in the case of external shocks 86
3.5 The Phillips curve, natural rate of unemployment and hysteresis 88
3.5.1 The Phillips curve 89
3.5.2 The natural rate of unemployment 92
3.5.3 Hysteresis in the natural rate 97
3.5.4 A macroeconomic framework for wages and prices 102
3.5.5 Hysteresis in a macroeconomic context 104
3.5.6 Multiple equilibria 108
3.6 Inflation in a small open economy 109
3.6.1 The Scandinavian theory of inflation 109
3.6.2 The natural rate of unemployment and NAIRU in a small open economy 112
3.7 An evaluation of teh different theories and their relevance for the Norwegian
labour market 114
3.7.1 Theories for perfect competition versus organizations 114
3.7.2 Phillips curve versus husteresis 115
3.7.3 The functional form of unemployment in the wage equation 116
3.7.4 The impacts from prices and alternative wages 117
3.7.5 The impacts from taxes and pay roll taxes 118
3.7.6 The impact from productivity 119
4. Wage formation in Norway, some empirical evidence 121
4.1 Intorduction 121
4.2 Explanatory factors and the most relevant data 122
4.2.1 Explanatory factors and the most relevand tada 122
4.2.2 Choosing the most relevant data 126
4.3 Wage formation in the aggregate manufacturing sector 128
4.3.1 Analysing time series properties 128
4.3.2 Overview of the most relevant specifications 134
4.3.3 Estimations based on the factor income deflator 139
4.3.4 Further evaluation of error correction models versus Phillips curves 141
4.3.5 Further tests of hysteresis 153
4.3.6 Changes in the equilibrium rate of unemployment 156
4.3.7 Evaluation of different functional forms for the rate of unemployment 157
4.3.8 Evaluation of different measures for the pressure in the labour market 161
4.3.9 Evaluation of the effects from personal income taxes and pay roll taxes 164
4.3.10 Evaluation of separate effects from productivity 167
4.3.11 Effects from changes in the normal working hours and the wage and price
regulation, 1978 1979 167
4.3.12 Institutional factors behind wage formation 170
4.4 Wage formation in the different industries 175
4.4.1 Choice of specification and explanatory factors 175
Wage Formation Social and Economic Studies 89
4.4.2 Production of consumer goods 176
4.4.3 Production of intermediate inputs and investments goods 178
4.4.4 Production of paper and paper products 180
4.4.5 Production of industrial chemicals 183
4.4.6 Production of primary metals 185
4.4.7 Fabricated metal products 188
4.4.8 Production of ships and oil platforms 189
4.4.9 Building and construction 191
4.4.10 Financial services 194
4.4.11 Domestic transport 196
4.4.12 Wholesale and retail trade 198
4.4.13 Other private services 200
4.4.14 Local government education 202
4.4.15 Local government health and welfare services 204
4.4.16 Central government administration 206
4.4.17 Local government administration 208
4.5 Reestimated wage equations 1965 to 1990 211
4.5.1 Evaluation of the income regulations i 1988 and 1989 211
4.5.2 Minor problems with some of the manufacturing sectors 215
4.5.3 Overview of the reestimated equations 216
4.6 Impact analyses using the wage equations 227
4.7 Decomposition of factors behind loss in competitiveness 244
5. The labour market in the macroeconomic model MODAG 253
5.1 Introduction 253
5.2 Main features of MODAG 254
5.3 The labour market in MODAG 256
5.3.1 Demand for labour 256
5.3.2 Supply of labour 257
5.3.3 The functioning of the labour market block 258
5.4 Macroeconomic implications of choice of wage equation 262
5.4.1 Choice of wage equatin and economic theory 262
5.4.2 Consequences for reference scenarios in MODAG 264
5.5 The macroeconomic properties of MODAG with regard to the labour market. 269
5.5.1 Properties of MODAG which cause slows decreases in unemployment
irrespective of choiche of wage equation 269
5.5.2 Impacts on labour market from a change in government policy 271
5.5.3 Effects from an increase in government consumption 272
5.5.4 Effects of a reduction in pay roll taxes 276
5.5.5 Effects of a reduction in personal income taxes and value added taces 279
5.5.6 Effects of a reduction in normal working hours 283
5.5.7 Effects of a reduction in supply of labour 285
5.5.8 Effects of a devaluation 287
5.6 Conclusions 289
References 293
Issued in the series Social and Economic Studies (SES) 304
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| illustrated | Not Illustrated |
| indexdate | 2024-07-09T18:20:26Z |
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| isbn | 8253741413 |
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| series | Sosiale og økonomiske studier |
| series2 | Sosiale og økonomiske studier |
| spelling | Stølen, Nils Martin Verfasser aut Wage formation and the macroeconomic function of the Norwegian labour market Nils Martin Stølen Oslo-Kongsvinger Statistisk Sentrålbyra 1995 306 S. txt rdacontent n rdamedia nc rdacarrier Sosiale og økonomiske studier 89 Norwegen Statistisk sentralbyrå Sonstige (DE-588)8990-4 oth Sosiale og økonomiske studier 89 (DE-604)BV012025669 89 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008140848&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Stølen, Nils Martin Wage formation and the macroeconomic function of the Norwegian labour market Sosiale og økonomiske studier |
| title | Wage formation and the macroeconomic function of the Norwegian labour market |
| title_auth | Wage formation and the macroeconomic function of the Norwegian labour market |
| title_exact_search | Wage formation and the macroeconomic function of the Norwegian labour market |
| title_full | Wage formation and the macroeconomic function of the Norwegian labour market Nils Martin Stølen |
| title_fullStr | Wage formation and the macroeconomic function of the Norwegian labour market Nils Martin Stølen |
| title_full_unstemmed | Wage formation and the macroeconomic function of the Norwegian labour market Nils Martin Stølen |
| title_short | Wage formation and the macroeconomic function of the Norwegian labour market |
| title_sort | wage formation and the macroeconomic function of the norwegian labour market |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008140848&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV012025669 |
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