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A European-type wage equation from an American-style labor market: Evidence from a panel of Norwegian manufacturing industries in the 1930s
Bårdsen, Gunnar; Doornik, Jurgen; Klovland, Jan Tore - Norges Bank - 2004
Using a newly constructed panel of manufacturing industry data for interwar Norway, we estimate a long-run wage curve for the 1930s that has all the modern features of being homogeneous in prices, proportional to productivity, and having an unemployment elasticity of -0.1. This result is more...
Persistent link: https://www.econbiz.de/10005481441
Cover Image
A European-type wage equation from an American-style labor market: Evidence from a panel of Norwegian manufacturing industries in the 1930s
Bårdsen, Gunnar; Doornik, Jurgen; Klovland, Jan Tore - Norges Bank - 2004
Using a newly constructed panel of manufacturing industry data for interwar Norway, we estimate a long-run wage curve for the 1930s that has all the modern features of being homogeneous in prices, proportional to productivity, and having an unemployment elasticity of -0.1. This result is more...
Persistent link: https://www.econbiz.de/10005481443