Gjelsvik, Marit; Nymoen, Ragnar; Sparrman, Victoria - In: Econometrics 8 (2020) 3, pp. 1-15
focus on wage formation in Norway, a small open economy, where it is custom to regard the manufacturing industry as the wage … leader. We estimate a model of wage formation in manufacturing and in two other sectors. Deciding cointegration rank is an … cointegration analysis provides evidence that collective wage negotiations in manufacturing have defined wage norms for the rest of …