Over the past twenty years or so, unemployment has been increasing in most OECD economies. In the same period, there has been a considerable increase in the wedge between the real cost to the employer of hiring a worker and the net real wage received by the worker. The present study examines...

This article evaluates the fundamental characteristics of the Finnish labour market. In fact, if one wishes to verify the favourable effects of increasing »corporatism» in an empirical context, Finland should be an obvious candidate. It is hard to find an industrialized economy where the...

This study examines wage paths in the Finnish manufacturing using the Johansen method in estimations. The empirical results have the following implications. <p> i) Wage-wage links in the Finnish manufacturing industry have been tight. In a longer perspective, wages in the high-pay branches and...</p>

The Balassa-Samuelson (BS) model is evaluated in eight of the eleven EMU countries. This model suggests that productivity differentials between traded and non-traded goods sectors generate sectoral inflation differentials (dual inflation). Furthermore, differentials in the degree of dual...

This paper examines labour productivity levels and growth rates in 10 EMU economies: Germany, France, Belgium, Netherlands, Italy, Spain, Austria, Finland, Ireland and Portugal. In general, European economies still lag behind the United States in terms of productivity level. Available estimates...