Micro-level Rigidity vs. Macro-level Flexibility: Lessons from Finland

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dc.contributor.author Böckerman, Petri -
dc.contributor.author Laaksonen, Seppo -
dc.contributor.author Vainiomäki, Jari -
dc.date.accessioned 2012-06-17T20:08:47Z
dc.date.available 2012-06-16 09:53:35 -
dc.date.available 2012-06-17T20:08:47Z
dc.date.issued 2009 -
dc.identifier.isbn 978-951-44-7720-1 -
dc.identifier.issn 1458-1191 -
dc.identifier.uri http://tampub.uta.fi/handle/10024/65423
dc.description.abstract This paper explores the wage flexibility in Finland. The study covers the private sector workers by using three data sets from the payroll records of employers' associations. The data span the period 1985-2001. The results reveal that there has been macroeconomic flexibility in the labour market. Average real wages declined during the early 1990's depression and a large proportion of workers experienced real wage cuts. However, the evidence based on individual-level wage change distributions shows that especially real wages are rigid. In particular, individual-level wage changes have regained the high levels of real rigidity during the late 1990s that revailed in the 1980s, despite the continued high (but declining) level of unemployment. -
dc.format.extent 37 -
dc.language.iso en -
dc.publisher Tampereen yliopisto -
dc.title Micro-level Rigidity vs. Macro-level Flexibility: Lessons from Finland -
dc.type fi=Erillisteos | en=Monograph| -
dc.identifier.urn urn:isbn:978-951-44-7720-1 -
dc.type.version fi=Kustantajan versio | en=Publisher's version| -
dc.subject.okm fi=Kansantaloustiede | en=Economics| -
dc.oldstats 512 -
dc.seriesname.electronic Tampere Economic Working Papers Net Series
dc.relation.numberinserieselectronic 72/2009

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