0000000000082613
AUTHOR
Arngrim Hunnes
Family Stability and Labor Market Gender Convergence
The present paper examines the historical development in the structure of the family in terms of marriage, divorce, fertility and labor 1886-2007 in order to map quantitative changes. The paper draws new information from novel Norwegian data. Along with the changing family relations we also quantify the closing of the gender gap by converging trends for both labor participation rates and wages. The paper concludes that there is a clear correspondence between gender convergence in the labor market and less stable family relations.
Price Stability and Inflation Persistence During the International Gold Standard: The Scandinavian Case
In the 1870s the three Scandinavian countries Denmark, Norway and Sweden formed the Scandinavian Currency Union. Both the adoption of gold and the monetary union were supposed to lead to price stability in and between these countries. By drawing on new indices of consumer prices the present paper offers an examination of inflation dynamics, defined as price stability and inflation persistence, in the periphery of Scandinavia during the heyday of the international gold standard.
A Long Term View on the Short Term Co-movement of Output and Prices in a Small Open Economy
- One assumption behind inflation targeting as objective for monetary policy is that inflation rates in the short run to some extent reflect output cycles. The present paper investigates the historical co-movements of output and prices for a small open raw material based economy, in this case Norway 1830 – 2006. Looking at contemporaneous movements we find more often negative correlations between the two variables than positive. The correlations do not give any evidence of causality. However, they may indicate that supply side shocks, often caused by the foreign sector, were more important for historical output cycles in Norway than assumed hitherto
An Empirical Study of Performance Appraisal and Career Opportunities
Using survey data from a large international oil company, this econometric study explores the perceptions ofperformance appraisal and career opportunities on one hand, and how this is dependent on variation in propertiesand characteristics of the local working environment on the other hand. Perceptions indicate that performanceand payoff are better balanced among women than among men. Moreover, the connection between perceivedachievement and appreciation is strengthened by time of service for leaders, but not for employees innon-managerial positions. Finally, perceptions of performance appraisal and career opportunities depend oncharacteristics of the local work environment, with positive i…
An anatomy of financial crises in Norway, 1830-2010
Author's version of an article in the journal: Financial History Review. Also available from the publisher at: http://dx.doi.org/10.1017/S0968565013000279 On the basis of a novel dataset, the article investigates the anatomy of financial crises in Norway from 1830 to 2010. First, nine significant crises are identified. Second, the article examines spillover effects on the real economy. We find a clear but not symmetric relationship. Third, the article investigates key patterns in credit and money volumes. Major financial crises typically occurred after substantial money and credit expansion, causing financial instability.
Wage Structure and Labor Mobility in Norway 1980-1997
To what extent do different firms follow different wage policies? How do such policies affect worker mobility between firms, and what are the effects of different wage bargaining regimes? The empirical branch of personnel economics has long been hampered by a lack of representative data sets. Norway is one of a handful of countries that has produced rich linked employer-employee data suitable for such analysis. This paper has three parts. First, we describe the wage setting and employment protection institutions in Norway. Next, we describe the Norwegian data sets. Finally, we document a large number of stylized facts regarding wage structure and labor mobility within and between Norwegian …
Testing the Role of Comparative Advantage and Learning in Wage and Promotion Dynamics
PurposeThe purpose of this paper is to investigate empirically whether job assignment, based on comparative advantage and learning about workers’ abilities, can explain wage and promotion dynamics within firms.Design/methodology/approachThe Gibbons and Waldman model is estimated in a generalized method of moments (GMM) framework using a unique data set on white‐collar workers in Norway, for the years 1987‐1997. The estimation is carried out on two occupational groups: technical and administrative white‐collar workers.FindingsThe placing of workers in a given position within a firm's hierarchy is based on comparative advantage. Both measurable and unmeasurable skills are important. This hold…
A Chronology of Financial Crises for Norway
The paper offers a chronology of financial crises in Norway from her independence in 1814 till present times. Firstly, business cycles, covering almost two hundred years of economic history are mapped. These reveal years of crises in the real economy. These seem to coincide with most of the major financial crises. Secondly, the paper the financial crises are described chronologically. Thirdly, the paper investigates key patterns in credit and money volumes. It concludes that major financial crises typically took place after substantial money and credit expansion causing financial instability, loss of long term equilibriums, overheating and bubbles followed by severe meltdowns in the economy.