This paper represents the first analysis of the consequences of a formal wage leadership, the Swedish Industry Agreement. We show that leadership in general has implied a lowered wage level for occupational groups having signed the agreement compared to groups that have not signed it. This is as...

We derive a long-run Phillips curve that is negatively sloped at low inflation rates. Due to exogenous changes, unions want to redistribute wages across different members also in the long run. Wage stickiness, inflation targeting and union solidarity are central characteristics of our New...

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Research on wage dispersion and firm performance focuses on intra-firm and inter firm effects irrespective of workers’ profession. We extend the analysis by considering dispersion within professions, within and across firms and within professions economy-wide. We find that the intra-firm...