This study analyses the impacts of a technological change (the steam engine) on wage premiums. Using historical employer–employee panel data, we found that steam technology had both new skill-demanding and skill-replacing aspects. The former manifested itself as an increase in the demand for...

The returns to scale in the matching function play an important role in models with endogenous search effort. Due to positive externalities, increasing returns to scale in matching can support high or low activity equilibrium in the labour market. In this study, we examine this issue using panel...

This article investigates the relevance of the theories of implicit contracts and spot market model to the skill-level wages in Finland. We use linked worker-firm panel data over the period from 1991 to 2004, which included major institutional and technological changes. We find similar patterns...

Kangasharju A. and Pekkala S. (2004) Increasing regional disparities in the 1990s: the Finnish experience, Reg. Studies38, 255-267. This paper investigates why regional disparities in Finland started to grow in the early 1990s, after a decades-long period of convergence. The analysis focuses on...

KANGASHARJU A. (1999) Relative economic performance in Finland; regional convergence, 1934-1993, Reg. Studies 33 , 207-217. This paper analyses the convergence behaviour of the 88 Finnish subregions from 1934 to 1993 by examining the development of relative income levels. Convergence was studied...

<title>Abstract</title> This paper offers a concise critical overview of Okun's Law, with particular attention for its relevance in open economic systems of regions. Based on an extensive set of economic data for Finnish regions, the existence of cointegration is tested using alternative statistical methods,...