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| Author: | Holden, S. |
| Title: | Wage drift and bargaining: evidence from Norway. |
| Journal: | Economica
1989 : NOV, VOL. 56:224, p. 419-432 |
| Index terms: | WAGE DETERMINATION COLLECTIVE BARGAINING ECONOMIC THEORY NORWAY |
| Language: | eng |
| Abstract: | The wage drift in the manufacturing sector is attempted to be explained. Based on theoretical bargaining model, empirical equations are estimated on data for wage drift in the aggregate manufacturing sector and in particular industries. First, the results give strong support to the view that central wage settlements have a considerable impact on aggregate and relative wages in the short run. While the size of the wage drift is so large that it might have offset the central wage increases entirely, the evidence indicates that there is no such offsetting effect. The second main finding is that wage drift is shown to depend negatively on the size of the inventories in the industry. |
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