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A detailed analysis is provided of the shape of the wage curve using annual time series for Norwegian manufacturing. The main results are summarized as follows. Unemployment affects wages significantly, and we provide evidence in favour of a monotonically decreasing but highly non-linear wage...
Persistent link: https://www.econbiz.de/10005511222
This paper presents an analysis of wage formation in the Norwegian private sector using data for individual workers matched with firm level information and regional unemployment. A key issue is to test whether or not firm specific variables affect individual wages after controlling for...
Persistent link: https://www.econbiz.de/10009209980
Using panel data for Norwegian industries, we establish a significant permanent relation between industry wages and industry profitability. The estimated long-run insider weight is above 0.2 and stable both over time and across industries. Industry wages are significantly affected by aggregate...
Persistent link: https://www.econbiz.de/10009227537
A much debated issue within the health economic literature is whether physicians can induce demand for their services. The relationship between physicians' 'nonpractice income' and supply of primary physician services in Norway is examined. It is argued that, if inducement exists, physicians...
Persistent link: https://www.econbiz.de/10009210171
According to partisan theories of macroeconomic policy, left-wing parties are more concerned with unemployment while right-wing parties tend to weigh the costs of inflation higher. An implication of partisan theories is that partisan policy differences should depend on the state of the economy,...
Persistent link: https://www.econbiz.de/10009227461
We used data on inheritance received by Norwegian primary care physicians and their spouses to study how wealth affects the amount of medical treatment provided by fee-for-service physicians. The effect of wealth on the number of consultations, and the amount of treatment provided during...
Persistent link: https://www.econbiz.de/10009228066