Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/180644 
Year of Publication: 
2018
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Article No.:] 424 [Publisher:] Institute of Labor Economics (IZA) [Place:] Bonn [Year:] 2018
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
Norway has a high labor force participation rate and a very low unemployment rate. Part of the reason for this fortunate situation is so-called “tripartism”: a broad agreement among unions, employers, and government to maintain a high level of coordination in wage bargaining. This has led to downward real wage flexibility, which has lessened the effects of negative shocks to the economy. Reduced net immigration, especially from neighboring countries, has also mitigated the negative effects of the recent drop in oil prices. A potential drawback of this tripartism is, however, the difficulty of reducing employee absences and disability.
Subjects: 
wages
unemployment
Norway
gender equality
tripartism
JEL: 
J3
J6
Persistent Identifier of the first edition: 
Document Type: 
Article

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