Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/63027
Authors: 
Barkbu, Bergljot Bjørnson
Nymoen, Ragnar
Røed, Knut
Year of Publication: 
2001
Series/Report no.: 
Memorandum, Department of Economics, University of Oslo 2001,11
Abstract: 
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
JEL: 
C32
J51
J52
P11
P17
P52
Document Type: 
Working Paper

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