The Wage Bargaining Structure in Norway and Sweden and its Influenceon Real Wage Developments:
The paper investigates the determinants of wages in the tradables and service sectors in Norway and Sweden. Tradables wages are determined by their own productivity growth whereas service sector wages are influenced by wage growth in the tradables sector. The traditional strong sensitivity of the re...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
1998
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 98/174 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | The paper investigates the determinants of wages in the tradables and service sectors in Norway and Sweden. Tradables wages are determined by their own productivity growth whereas service sector wages are influenced by wage growth in the tradables sector. The traditional strong sensitivity of the real wage to changes in the unemployment rate has been virtually eliminated since the recessionary period in the early 1990s in Sweden, and real wages have grown faster than macroeconomic factors alone would suggest. In contrast, real wages have become more sensitive to cyclical conditions in Norway and have grown less rapidly than macroeconomic factors indicate. These changes in the wage process have hindered the development of private sector employment in Sweden but have stimulated private sector employment in Norway |
| Beschreibung: | 1 Online-Ressource (25 p) |
| ISBN: | 1451977050 9781451977059 |
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| index_date | 2024-07-03T20:13:28Z |
| indexdate | 2024-07-10T09:35:37Z |
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| spelling | Thomas, Alun H. Verfasser aut The Wage Bargaining Structure in Norway and Sweden and its Influenceon Real Wage Developments Thomas, Alun H Washington, D.C International Monetary Fund 1998 1 Online-Ressource (25 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 98/174 The paper investigates the determinants of wages in the tradables and service sectors in Norway and Sweden. Tradables wages are determined by their own productivity growth whereas service sector wages are influenced by wage growth in the tradables sector. The traditional strong sensitivity of the real wage to changes in the unemployment rate has been virtually eliminated since the recessionary period in the early 1990s in Sweden, and real wages have grown faster than macroeconomic factors alone would suggest. In contrast, real wages have become more sensitive to cyclical conditions in Norway and have grown less rapidly than macroeconomic factors indicate. These changes in the wage process have hindered the development of private sector employment in Sweden but have stimulated private sector employment in Norway Online-Ausg http://elibrary.imf.org/view/IMF001/07380-9781451977059/07380-9781451977059/07380-9781451977059.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Thomas, Alun H. The Wage Bargaining Structure in Norway and Sweden and its Influenceon Real Wage Developments |
| title | The Wage Bargaining Structure in Norway and Sweden and its Influenceon Real Wage Developments |
| title_auth | The Wage Bargaining Structure in Norway and Sweden and its Influenceon Real Wage Developments |
| title_exact_search | The Wage Bargaining Structure in Norway and Sweden and its Influenceon Real Wage Developments |
| title_exact_search_txtP | The Wage Bargaining Structure in Norway and Sweden and its Influenceon Real Wage Developments |
| title_full | The Wage Bargaining Structure in Norway and Sweden and its Influenceon Real Wage Developments Thomas, Alun H |
| title_fullStr | The Wage Bargaining Structure in Norway and Sweden and its Influenceon Real Wage Developments Thomas, Alun H |
| title_full_unstemmed | The Wage Bargaining Structure in Norway and Sweden and its Influenceon Real Wage Developments Thomas, Alun H |
| title_short | The Wage Bargaining Structure in Norway and Sweden and its Influenceon Real Wage Developments |
| title_sort | the wage bargaining structure in norway and sweden and its influenceon real wage developments |
| url | http://elibrary.imf.org/view/IMF001/07380-9781451977059/07380-9781451977059/07380-9781451977059.xml |
| work_keys_str_mv | AT thomasalunh thewagebargainingstructureinnorwayandswedenanditsinfluenceonrealwagedevelopments |