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The Labor Market in Norway: 2000-2018

Author

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  • Nilsen, Øivind A.

    (Dept. of Economics, Norwegian School of Economics and Business Administration)

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.

Suggested Citation

  • Nilsen, Øivind A., 2020. "The Labor Market in Norway: 2000-2018," Discussion Paper Series in Economics 4/2020, Norwegian School of Economics, Department of Economics.
    • Handle: RePEc:hhs:nhheco:2020_004
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    Cited by:

    1. Thorleifsson, Oskar, 2021. "Unemployment Dynamics in the Nordics : Is there Heterogeneity in the Relative Importance of Ins and Outs?," Warwick-Monash Economics Student Papers 22, Warwick Monash Economics Student Papers.
    2. Hirshman, Samuel D. & Willén, Alexander, 2022. "Does Increasing Risk Widen Gender Gaps?," Discussion Paper Series in Economics 20/2022, Norwegian School of Economics, Department of Economics.
    3. Jonas Tungodden & Alexander Willén, 2023. "When Parents Decide: Gender Differences in Competitiveness," Journal of Political Economy, University of Chicago Press, vol. 131(3), pages 751-801.

    More about this item

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    JEL classification:

    • J00 - Labor and Demographic Economics - - General - - - General

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