Haku
Viitteet 1-10 / 15
A monopoly union model of wage determination with taxes and endogenous capital stock : an empirical application to the finnish manufacturing industry
(21.11.1990)
Bank of Finland Research Discussion Papers 24/1990
Bank of Finland Research Discussion Papers 24/1990
The paper formulates a model of wage determination in accordance with the notion of a monopoly union determining wages after which the firm decides on employment. The novelty is to incorporate investment and capital decisions ...
Stagnant wages, sectoral misallocation and slowing productivity growth
(06.05.2019)
Bank of Finland Research Discussion Papers 8/2019
Bank of Finland Research Discussion Papers 8/2019
I propose a two-sector endogenous growth model with heterogeneous sectoral productivity and sector-specific, nonlinear hiring costs to analyse the link between sectoral resource allocation, low productivity growth and ...
Extreme events and optimal monetary policy
(06.02.2018)
Bank of Finland Research Discussion Papers 4/2018
Bank of Finland Research Discussion Papers 4/2018
This paper studies the implication of extreme shocks for monetary policy. The analysis is based on a small-scale New Keynesian model with sticky prices and wages where shocks are drawn from asymmetric Generalized Extreme ...
Tax progression is good for employment in popular models of trade union behaviour
(11.01.1994)
Bank of Finland Research Discussion Papers 3/1994
Bank of Finland Research Discussion Papers 3/1994
It is a widely held popular belief that the more progressive is the tax system, the greater is the disincentive to work effort. This belief can be justified within the context of conventional labour supply analysis. Increased ...
Labour supply, wages and prices in the BOF4 quarterly model of the Finnish economy
(20.01.1989)
Bank of Finland Research Discussion Papers 6/1989
Bank of Finland Research Discussion Papers 6/1989
This paper describes the supply of labour and the determination of wages and prices in the BOF4 model. Labour supply is modelled as a function of real wage, income and discouraged worker effects. Wages are a functi on of ...
External adjustment in small open economies : Some recent experience
(15.06.1988)
Bank of Finland Research Discussion Papers 6/1988
Bank of Finland Research Discussion Papers 6/1988
The paper deals with the adjustment problems that small open economies face in a financially integrated world. Particular attention is paid to the assignment of different policy instruments te the achievement different ...
Wage drift and error correction: Evidence from Finland
(04.11.1992)
Bank of Finland Research Discussion Papers 35/1992
Bank of Finland Research Discussion Papers 35/1992
This article examines the process which generates wage increments in excess to those agreed upon collectively, Le. wage drift. A synthesis of the explanations common in the literature is sketched. This attempt has been ...
Worker separation under performance pay : Empirical evidence from Finland
(19.10.2017)
Bank of Finland Research Discussion Papers 33/2017
Bank of Finland Research Discussion Papers 33/2017
This paper investigates the role of individual incentive (II) and group incentive (GI) pay as determinants of worker separation. We use a large linked employer-employee panel data set for full-time male manufacturing workers ...
Wages and employment in a unionized economy : Practical implications of theoretical considerations in the context of Finland
(10.10.1988)
Bank of Finland Research Discussion Papers 20/1988
Bank of Finland Research Discussion Papers 20/1988
This article evaluates the fundamental characteristics of Finnish labour markets. As the unionization rate in Finland is exceptionally high by international standards, a bargaining approach incorporating the unions' key ...
Unions, wages and employment in Finland
(22.05.1989)
Bank of Finland Research Discussion Papers 17/1989
Bank of Finland Research Discussion Papers 17/1989
Reduced form wage and employment equations stemming from a bargaining framework are estimated with two-step method proposed by Engle and Granger (1987). Quarterly data for manufacturing and aggregate private sector is used. ...