This study examines the relation between employment and output using panel data on 452 Finnish municipalities regrouped into 85 areas, representing regions at the so called NUTS4 level in the EU. The results imply that: (i) the contemporaneous relation between changes in employment and output...

This paper surveys recent empirical studies on the economic impacts of immigration. The survey first examines the magnitude of immigration as an economic phenomenon in various host countries. The second part deals with the assimilation of immigrant workers into host-country labor markets and...

This paper analyses convergence across the 88 subregions in Finland from 1934 to 1993. The results indicate a rather strong a convergence and intra-distribution dynamics of income levels. This indicates that, although the dispersion in subregional income levels has diminished, some ofthe poorer...

In this study we examine wage formation in Finland. One distinctive feature of the study is the long investigation period that spans the thirty-five-year period from 1961 to 1994, and thus includes the turbulent years of the early 1990s. The results imply that productivity growth is the main...

In this study we analyze the factors behind the Finnish unemployment shock of the 1990s. The analysis is based on labour demand, wage-setting and current account equations that form a structural labour market model. The results of this model are compared to those obtained from a reduced form...

This paper examines public-private sector wage differentials in Finland using a quantile regression method. We control for the endogeneity of the working sector and allow the returns of individual skills to vary between industries. The results suggest that men earn a premium of 3 percent in the...

In his recent study Blanchard (1989) investigates the nature and origin of persistent unemployment by a joint examination of the movements of the Phillips and Beveridge curves. According to Blanchard, the persistence of unemployment can be associated either with the reallocation or the...

The study examines the efficiency of the single-equation approach in modelling employment determination in the context ofFinnish labour market data. The task is accomplished by using the multivariate cointegration techniques developed in Johansen (1988) and Johansen and Juselius (1990). The...

This study reports the results of testing the seniority model of trade union behaviour using data on two Finnish industries. We found that; (i) the empirical results do not support the idea that the aim of trade unions is merely to push their members' wages as high as possible; (ii) the...

This paper analyses the convergence of regional products in Finland using two different data sets. Firstly, β- and σ-convergence was estimated for the 12 Finnish provinces during 1960–94. Convergence was found to be strong in 1960–80, but after 1980 regional disparities started growing...