Arbeitspapier
Wages and employment in a unionized economy: Practical implications of theoretical considerations in the context of Finland
This article evaluates the fundamental characteristics of Finnish labour markets. As the unionization rate in Finland is exceptionally high by international standards, a bargaining approach incorporating the unions' key role in wage setting is applied. An analysis is made of basic trends in those factors which theoretical considerations imply as being relevant. The "wedge" between product wages and after tax consumption wages is evaluated with special care. It is stated that the wedge cannot be claimed to be a key factor contributing to the unfavourable trends seen in Finnish labour markets since the late 1970s. It is also argued that collective incomes policy measures have contributed to shortening of the adjustment lags in labour markets at least in some relevant occasions.
- Language
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Englisch
- ISBN
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951-686-167-9
- Bibliographic citation
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Series: Bank of Finland Discussion Papers ; No. 20/1988
- Classification
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Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Tyrväinen, Timo
- Event
-
Veröffentlichung
- (who)
-
Bank of Finland
- (where)
-
Helsinki
- (when)
-
1988
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Tyrväinen, Timo
- Bank of Finland
Time of origin
- 1988
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The History of Exchange Control in Finland
Inflation targeting: analyzing indicators of inflation in Finland
The interest rate sensitivity of output in Finland
Evolution of retail payments in Finland in the 1990s
Stability of the demand for M1 and harmonized M3 in Finland
Financial market disturbances as sources of business cycle fluctuations in Finland
Dynamics of investment behaviour in Finland: Aggregate and firm level evidence
The sources of output shocks in Finland and other EU countries
International capital flows in Finland 1975-1990: The role of expectations
Level, distribution and long-term development of market power in Finland