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- Title
Wage Drift and Bargaining: Evidence from Norway.
- Authors
Holden, Steinar
- Abstract
Empirical equations, based on a theoretical bargaining model, are estimated on data for wage drift in six industries and in the aggregate manufacturing sector in Norway. It is shown that the central wage settlement has a strong impact on aggregate and relative wages in the short run, and that this effect is not offset by wage drift. Wage drift is also found to depend negatively on the size of inventories. This is interpreted as arising from the effect of the initial size of the inventories on the cost to the firm of an industrial conflict.
- Subjects
NORWAY; WAGES; COLLECTIVE bargaining; INDUSTRIES; CONFLICT (Psychology)
- Publication
Economica, 1989, Vol 56, Issue 224, p419
- ISSN
0013-0427
- Publication type
Article
- DOI
10.2307/2554320