The efficiency of the forecasts made by the Research Institute of the Finnish Economy for the growth rates of the major GDP categories is studied. The efficiency tests are based on the correlation patterns of successive revisions of forecasts of the same event. The results show signs of...

The study is about the incidence of overtime hours in Finland. The investigation uses individual-level data from the manufacturing industries from 1989 to 1995. The results show that the hours of overtime divided by the number of total hours decline as an employee ages. The overtime hours...

The aim of this study is to characterize the structure and the evolution of Finnish regional labour markets in terms of gross job and worker flows using establishment- level data. There is no solid evidence that the gross job creation rate is on average lower in Eastern and Northern Finland. The...

The paper explores wage flexibility in Finland. The study covers the private sector workers by using three data sets from the payroll records of employers’ associations. The data span the period 1985–2001. The results reveal that there has been macroeconomic flexibility in the labour market....