Author: Johansen K.

Source: Applied Economics, Volume 31, Number 1, 1 January 1999 , pp. 137-147(11)

Publisher: Routledge, part of the Taylor & Francis Group

Abstract:

Using panel data for Norwegian industries, we establish a significant permanent relation between industry wages and industry profitability. The estimated long-run insider weight is above 0.2 and stable both over time and across industries. Industry wages are significantly affected by aggregate unemployment, and the preferred wage equation implies a highly convex wage curve.

Language: English

Document Type: Research article

Publication date: 1999-01-01

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