Abowd, J. M., F. Kramarz, S. Perez-Duarte, and I. M. Schmutte (2010): “A Formal Test of Assortative Matching in the Labor Market,†Unpublished manuscript.
Abowd, J., F. Kramarz, and D. Margolis (1999): “High-Wage Workers and High-Wage Firms,†Econometrica, 67(2), 251—333.
- Although the model in principle was in favor of wage differences between workers of different qualifications, unions had a clear ambition to reduce overall wage differences. This led to increasing complaints from the employer side during the late 1970s. Following a few years of turmoil, the metalworkers’ union signed a separate industry-level agreement with the employer side in 1983. This was essentially the end of centralized wage bargaining in This section draws on Nordström Skans, Edin, and Holmlund (2009). Janâ€92 Janâ€93 Janâ€94 Janâ€95 Janâ€96 Janâ€97 Actualwagegrowth(BlueCollar) Collectiveagreements(BlueCollar)
Paper not yet in RePEc: Add citation now
Arellano, M., and S. Bond (1991): “Some Tests of Specifications for Panel Data: Monte Carlo Evidence and Application to Employment Equations,†Review of Economic Studies, 58, 277—297.
Azariadis, C. (1975): “Implicit Contracts and Underemployment Equilibria,†Journal of Political Economy, 83, 1183—1202.
Basu, S., and J. Fernald (1995): “Are Apparent Productive Spillovers a Figment of Specification Errors?,†Journal of Monetary Economics, 36, 165—188.
Basu, S., J. Fernald, and M. Shapiro (2001): “Productivity Growth in the 1990s: Technology, Utilization, or Adjustment?,†Carnegie-Rochester Conference Series on Public Policy, 55, 117—165.
Blanchflower, D. G., and P. Oswald, Andrew J.and Sanfey (1996): “Wages, Profits and Rent-Sharing,†Quarterly Journal of Economics, 111, 227— 251.
Burnside, C., M. Eichenbaum, and S. Rebelo (1995): Capital Utilization and Returns to Scale. In B. Bernanke and J. Rotemberg, ed., NBER Macroeconomics Annual, MIT Press, Cambridge, MA.
Cahuc, P., F. Postel-Vinay, and J.-M. Robin (2006): “Wage Bargaining with On-the-Job Search: Theory and Evidence,†Econometrica, 74(2), 323—64.
Card, D., F. Devicienti, and A. Maida (2009): “Rent-Sharing, Holdup, and Wages: Evidence from Matched Panel Data,†mimeo.
Cardoso, A. R., and M. Portela (2009): “Micro Foundations for Wage Flexibility: Wage Insurance at the Firm Level,†Scandinavian Journal of Economics, 111, 29—50.
Carlsson, M. (2003): “Measures of Technology and the Short-Run Response to Technology Shocks,†Scandinavian Journal of Economics, 105, 555—579. Carlsson, M., and O. Nordström Skans (Forthcoming): “Evaluating Microfoundations for Aggregate Price Rigidities: Evidence from Matched Firm-Level Data on Product Prices and Unit Labor Cost,†American Economic Review.
Carlsson, M., and J. Smedsaas (2007): “Technology Shocks and the Labor Input Response: Evidence from Firm-Level Data,†Journal of Money, Credit and Banking, 39, 1509—1520.
Daniel, C., and C. Sofer (1998): “Bargaining, Compensating Wage Differentials, and Dualism of the Labor Market: Theory and Evidence for France,†Journal of Labor Economics, 16(3), 546—575.
Foster, L., J. Haltiwanger, and C. Syverson (2008): “Reallocation, Firm Turnover, and Efficiency: Selection on Productivity or Profitability?,†American Economic Review, 98(1), 394—425. Fox, J. T., and V. Smeets (Forthcoming): “Does Input Quality Drive Measured Differences in Firm Productivity?,†International Economic Review.
- Fuss, C., and L. Wintr (2009): “Rigid Wages and Flexible Employment? FirmLevel Evidence Based on Productivity for Belgium,†ECB Working Paper, 1021.
Paper not yet in RePEc: Add citation now
Guiso, L., F. Schivardi, and L. Pistaferri (2005): “Insurance within the Firm,†Journal of Political Economy, 113, 1054—1087.
Gustavsson, M. (2006): “The Evolution of the Swedish Wage Structure: New Evidence for 1992-2001,†Applied Economics Letters, 13, 279—286.
Haefke, C., M. Sonntag, and T. Van Rens (2008): “Wage Rigidity and Job Creation,†IZA Discussion Papers 3714.
Hall, R. E. (2003): “Modern Theory of Unemployment Fluctuations: Empirics and Policy Applications,†American Economic Review Papers and Proceedings, 93, 145—150.
Haltiwanger, J., J. Lane, and J. Spletzer (1999): “Productivity Differences Across Employers: The Roles of Employer Size, Age, and Human Capital,†American Economic Review, 89, 94—98.
Hibbs, D. A., and H. Locking (1996): “Wage Compression, Wage Drift and Wage Inflation in Sweden,†Labour Economics, 3, 109—141.
Hildreth, A., and A. J. Oswald (1997): “Rent-Sharing and Wages: Evidence from Company and Establishment Panels,†Journal of Labor Economics, 15, 318— 337.
- In that sense the wage policy was highly growth oriented. Importantly, although central agreements laid out the central principles for wage setting, they were always followed by negotiations at the industry and firm levels. Even in the hay-days of central bargaining, about half of individual wage increases in the industrial sector was wage drift, i.e. wage changes above central agreements (Hibbs and Locking (1996)).
Paper not yet in RePEc: Add citation now
Irarrazabal, A., A. Moxnes, and K.-H. Ulltveit-Moe (2009): “Heterogenous Firms or Heterogeneous Workers? Implications for the Exporter Premium and the Impact of Labor Reallocation on Productivity,†Centre for Economic Policy Research Working Paper, 7577.
Kleibergen, F., and R. Paap (2006): “Generalized Reduced Rank Tests Using the Singular Value Decomposition,†Journal of Econometrics, 127(1), 97—126.
Klette, T., and Z. Griliches (1996): “The Inconsistency of Common Scale Estimators when Output Prices are Unobserved and Endogenous,†Journal of Applied Econometrics, 11, 343—361.
Marchetti, D., and F. Nucci (2005): “Price Stickiness and the Contractionary Effect of Technology Shocks,†European Economic Review, 49, 1137—1163.
Martins, P. (2009): “Rent Sharing Before and After the Wage Bill,†Applied Economics, 41(17), 2133—2151.
Melander, O. (2009): “The Effect of Cash Flow on Investment: An Empirical Test of the Balance Sheet Channel,†Sveriges Riksbank Working Paper Series No. 228.
- Mortensen, D. (2003): Wage Dispersion: Why Are Similar Workers Paid Differently ? MIT Press, Cambridge.
Paper not yet in RePEc: Add citation now
Nickell, S. J., and S. Wadhwani (1990): “Insider Forces and Wage Determination, †Economic Journal, 100(401), 496—509.
Nordström Skans, O., P.-A. Edin, and B. Holmlund (2009): “Wage Dispersion Between and Within Plants: Sweden 1985-2000,†in Wage Structure, Raises and Mobility: International Comparisons of the Structure of Wages Within and Across Firms, ed. by E. Lazear, and K. Shaw. University of Chicago Press, Chicago, IL.
Pissarides, C. (2007): “The Unemployment Volatility Puzzle: Is Wage Stickiness the Answer?,†Centre for Economic Performance WP 839.
Roodman, D. (2006): “How to Do xtabond2: An introduction to Difference and System GMM in Stata,†Working Paper Number 103, Center for Global Development.
Shimer, R. (2005): “The Cyclical Behavior of Equilibrium Unemployment and Vacancies,†American Economic Review, 95, 25—49.
Windmeijer, F. (2005): “A Finite Sample Correction for the Variance of Linear Efficient Two-step GMM Estimators,†Journal of Econometrics, 126, 25—51. Appendices: A Wage setting institutions in Sweden This Appendix discusses wage-setting institutions in Sweden.36 The Swedish model of wage determination is typically associated with centralized wage bargaining and wage compression.