The Labor Market in Norway: 2000-2018

Nilsen, Øivind Anti

doi:10.2139/ssrn.3569497

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The Labor Market in Norway: 2000-2018

NHH Dept. of Economics Discussion Paper No. 04/2020

20 Pages Posted: 9 Apr 2020

See all articles by Øivind Anti Nilsen

Øivind Anti Nilsen

NHH Norwegian School of Economics - Department of Economics; IZA Institute of Labor Economics; - Ifo Institute

Date Written: April 6, 2020

Abstract

Norway has a rather high labor force participation rate and a very low unemployment rate. Part of the reason for this fortunate situation is the so-called “tripartism”: a broad agreement among unions, employers and government to maintain a high level of coordination in wage bargaining. This has led to downward real wage flexibility, which has lessened the effects of negative shocks to the economy. Reduced net immigration, especially from neighboring countries, also mitigated the negative effects of the oil price drop in 2014. A potential drawback of tripartism is the difficulty of reducing employee absences and disability.

Keywords: Wages, unemployment, Norway, gender equality, tripartism

JEL Classification: J00

Suggested Citation: Suggested Citation

Nilsen, Oivind Anti, The Labor Market in Norway: 2000-2018 (April 6, 2020). NHH Dept. of Economics Discussion Paper No. 04/2020, Available at SSRN: https://ssrn.com/abstract=3569497 or http://dx.doi.org/10.2139/ssrn.3569497