The Determination of Wages, Employment, and Work Hours in an Economy with Centralised Wage-Setting: Sweden, 1950-83
A key component of recent explanations for the growth in unemployme nt in Western Europe is a negative relation between wage rates and employment. This paper examines the evidence for such a relationship for Swedish manufacturing industry and also investigates the corresponding movements of hours of work. The findings form the ingredients of a structural model of the labor market which is estimated using time-series observations from 1951 t o 1983. The greater volatility of employment relative to earnings is measured by a specific parameter which, in this model, relates to the objectives of trade unions. Copyright 1988 by Royal Economic Society.
Volume (Year): 98 (1988)
Issue (Month): 393 (December)
|Contact details of provider:|| Postal: |
Phone: +44 1334 462479
Web page: http://www.res.org.uk/
More information through EDIRC
|Order Information:||Web: http://www.blackwellpublishers.co.uk/asp/journal.asp?ref=0013-0133|
When requesting a correction, please mention this item's handle: RePEc:ecj:econjl:v:98:y:1988:i:393:p:1105-26. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.