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| Author: | Wulfsberg, F. |
| Title: | An application of wage bargaining models to Norwegian panel data |
| Journal: | Oxford Economic Papers
1997 : JUL, VOL. 49:3, p. 419-440 |
| Index terms: | WAGE DETERMINATION BARGAINING ECONOMIC PERFORMANCE NORWAY |
| Language: | eng |
| Abstract: | This paper investigates the relative importance of insider versus outsider variables in wage formation in the Norwegian manufacturing sector. Equilibrium correction models perform better at explaining wage setting in Norway than do traditional empirical specifications that explain wage setting in the UK using panel data. To identify the insider weight it is important to include time dummies to control for aggregate equilibrium correction. A positive and significant insider weight of about 5% was found, which is lover than the one found earlier. The estimate of the insider weight is smaller than comparable estimates from less centralised economies. |
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