Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/233918 
Year of Publication: 
2020
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Article No.:] 424v2 [Publisher:] Institute of Labor Economics (IZA) [Place:] Bonn [Year:] 2020
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
Norway has a rather high labor force participation rate and a very low unemployment rate. Part of the reason for this fortunate situation is the 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, also mitigated the negative effects of the oil price drop in 2014. A potential drawback of tripartism is 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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