Wage coordination and unemployment dynamics in Norway and Sweden

Arbeitspapier

From a detailed study of the yearly wage bargaining rounds in Norway and Sweden, we construct time series of five complemetary coordination indices. Econometrics is used to evaluate the importance of the coordination indicators for our understanding of the changes in the rates of unemployment in the two countries. The results show that there is considerable similarity between the two countries, e.g., in terms of the estimated effects of macroeconomic variables on unemployment, The coefficients are recursively stable over the the 1980s and 1990s. Simulation shows that the models imply numerically important effects of wage coordination on the rates of unemployment in both countries. – unemployment ; wage setting ; economic institutions ; corporatism ; centralization ; decentralization ; income policies ; econometric modelling

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Memorandum ; No. 2001,11

Classification and Topics

• Classification: Wirtschaft ; Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models ; Trade Unions: Objectives, Structure, and Effects ; Dispute Resolution: Strikes, Arbitration, and Mediation; Collective Bargaining ; Capitalist Systems: Planning, Coordination, and Reform ; Capitalist Systems: Performance and Prospects ; Comparative Studies of Particular Economies
• Subject: Lohnbildung ; Arbeitslosigkeit ; Vergleich ; Norwegen ; Schweden

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Barkbu, Bergljot Bjørnson ; Nymoen, Ragnar ; Røed, Knut
• Event: Veröffentlichung
• (who): University of Oslo, Department of Economics
• (where): Oslo
• (when): 2001

Further information

• Handle: http://hdl.handle.net/10419/63027
• Last update: 10.03.2025, 11:45 AM CET