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The labor market in Norway, 2000–2016

Author

Listed:
  • Øivind A. Nilsen

    (Norwegian School of Economics, Norway, and IZA, Germany)

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.

Suggested Citation

  • Øivind A. Nilsen, 2018. "The labor market in Norway, 2000–2016," World of Labour, LISER, pages 424-424, May.
    • Handle: RePEc:iza:izawol:journl:2018:n:424
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    References listed on IDEAS

    as
    1. Espen Bratberg & Øivind Anti Nilsen & Kjell Vaage, 2015. "Assessing the intergenerational correlation in disability pension recipiency," Oxford Economic Papers, Oxford University Press, vol. 67(2), pages 205-226.
    2. Acemoglu, Daron & Autor, David, 2011. "Skills, Tasks and Technologies: Implications for Employment and Earnings," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 12, pages 1043-1171, Elsevier.
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    Keywords

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    JEL classification:

    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
    • J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers

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