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Wages and Subjective Assessments of Regional Labour Market Pressure

Author

Listed:
  • Kåre Johansen

    (Department of Economics, Norwegian University of Science and Technology)

  • Fredrik Carlsen

    (Department of Economics, Norwegian University of Science and Technology)

Abstract

We utilise a rich set of regional labour market variables to explain regional variation in Norwegian manufacturing wages. In particular, regional indicators of labour market pressure are computed from survey data in which respondents are asked to evaluate local job prospects. We find that average reported satisfaction with local job prospects and other survey-based indicators perform better in regional wage equations than traditional labour market variables, including the regional unemployment rate. Our results suggest that surveys may provide useful information about regional labour markets.

Suggested Citation

  • Kåre Johansen & Fredrik Carlsen, "undated". "Wages and Subjective Assessments of Regional Labour Market Pressure," Working Paper Series 2002, Department of Economics, Norwegian University of Science and Technology, revised 15 Apr 2002.
    • Handle: RePEc:nst:samfok:2002
    as

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    File URL: http://www.svt.ntnu.no/iso/WP/2002/20wage%20satisfact%20final.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    Regional wages; Labour market pressure; Survey data;
    All these keywords.

    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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