Holden, Steinar; Nymoen, Ragnar - In: Scandinavian Journal of Economics 104 (2002) 1, pp. 87-104
The non-accelerating wage rate of unemployment (NAWRU indicator), used by the OECD as a measure of structural unemployment, has risen for the four Nordic countries Denmark, Finland, Norway and Sweden. In this paper we present stable empirical wage equations for the same countries over the period...