Search results for "palkat"
showing 10 items of 46 documents
Technological change and wage premiums amongst high-skilled labour
2019
This study examines the impact of the steam engine, which produced wide and long-lasting economic growth from the 19th century to the early 20th century, on the wages of high-skilled seamen in the Swedish merchant maritime shipping industry. The analysis focuses on the years 1869–1914, which was a transition period during which traditional sailing ships were replaced by steam-powered vessels. The study shows that all high-skilled occupations received wage gains under steam technology. The evidence on wage polarization amongst the high-skill occupations remains subtle, although there is certain evidence that wage premiums vary by occupation. peerReviewed
Establishment size and task-specific wages: Evidence from historical contract data
2014
This study examines whether task-specific jobs are rewarded differently across establishments of different sizes and whether these rewards vary across distinct technologies. We found that the aggregate premium estimates on the impact of size on wages conceal significant differences between tasks and technologies and that these differences reflect unobserved individual heterogeneity. The role of self-selection of more productive workers into larger establishments is particularly substantial in the case of abstract tasks. peerReviewed
More skilled, better paid : labour-market returns to postsecondary vocational education
2017
Outside the USA, relatively little is known about the labour-market returns to postsecondary vocational (or polytechnic) education. Yet, polytechnics in Europe are distinct from US community colleges. This paper focuses on the labour-market returns to polytechnic attendance in Finland, where polytechnics are representative of many European countries. Using matching methods and longitudinal administrative data, we find that, compared to individuals with no postsecondary education, students who attend polytechnics have higher annual earnings of €3,300 to €3,700 and employment gains of 2.5 to 6.6 percentage points 10 years after the entry decision. However, the returns vary by personal charact…
Wage-setting coordination in a small open economy
2022
This paper studies wage-setting coordination in a two-sector, open economy dynamic stochastic general equilibrium model. Two large sectoral unions anticipate the effects of their wage demands on aggregate variables. In an open economy, there are externalities that the unions can take into account to increase aggregate welfare, but the strategic interaction between the sectoral unions tends to erode this gain. When wage coordination takes place through a wage norm set by either of the sectors, this minimizes the strategic interaction. However, wage norms create welfare losses as sector-specific wage adjustment is required to make an efficient adjustment to shocks. Peer reviewed
Road to unity? : Nordic economic convergence in the long run
2022
This study examines Nordic economic convergence from the sixteenth to twentieth century respective of the economic leaders, in effect the UK before 1914 and USA thereafter. The paper uses a novel approach of combining the analysis of both GDP and wages. The examination of real GDP per capita suggests that there was a catch-up process in play, both with the economic leaders and among the Nordic states, from the early nineteenth century onwards. However, the examination of the adjusted silver wages suggests convergence among the Nordic economies by the end of the eighteenth century. Therefore, we argue, no single Nordic Model emerged from these development patterns, even though the Nordic sta…
The power of the economic outlook : an ideational explanation of the distinct pattern of Finnish wage setting within the Nordic context
2022
Industrial relations scholars are paying increasing attention to the role of ideas in explaining shifts in bargaining systems and wage policies. This article contributes to this growing body of literature by conducting a meso-level analysis of the uses and impacts of ideas in wage regulation policy processes in coordinated market economies. Through our in-depth case study of the Finnish policy process leading to the Competitiveness Pact of 2016, we argue that certain ideas – which we call the ‘economic outlook’ – prescribed and legitimized exhausting institutional resources in wage regulation and enabled temporary consensus among divergent interests regarding wage policy. The economic outlo…
Regional Case Study. From Ukraine to Finland and Estonia via Poland : Migration and posting of third country nationals. Work package 4
2020
This report gives an overview of the Con3Post project1 research that analyses a new and understudied phenomenon of posting third country nationals (TCNs) in the European construction sector, with a special focus on the posting flow involving workers from Ukraine being posted to Finland and Estonia through Poland. The research highlights severe regulatory challenges related to the phenomenon. These include posted TCNs being exposed to multiple vulnerabilities that are even more extreme than intra-European Union (EU) posted workers are usually exposed to. These are: lack of occupational safety and health training and having no accident insurance coverage, not receiving wages and other employm…
Kannattaako Suomessa kouluttautua ammatilliselle toiselle asteelle? : koulutuksen palkkavaikutus vuosina 1990-2010
2016
Tässä pro gradu -tutkielmassa tarkastellaan koulutuksen palkkavaikutusta Suomessa vuosien 1990-2010 välillä, ja tutkitaan erityisesti ammatillisen kou-lutuksen merkitystä. Työtäni motivoivat tuloerot, työmarkkinoiden rakenne-muutokset ja ammatillisen koulutuksen uudistus. Teoriapohjana ovat inhimil-lisen pääoman teoria ja Mincerin palkkafunktio, ja tutkimuksessa sivutaan myös osaamista suosivaa teknologista kehitystä. Lisäksi tutkimuksessani pohditaan opintojen keskeyttämistä ja paneudutaan perusasteen merkityk-seen Suomessa. Tutkimus toteutetaan estimoimalla Mincerin palkkafunktiota ja aineistona käytetään Tilastokeskuksen yksinkertaistettua työssäkäyntiaineistoa (FLEED). Lisäkoulutusvuode…
Current Accounts and Coordination of Wage Bargaining
2018
This study provides novel evidence on the impact of labor market institutions on current account dynamics. Our results suggest that a high degree of coordination of wage bargaining has a positive effect on the current account balance over the long run. This result is not driven entirely by wage moderation induced by centralized wage setting. We also provide robust evidence that a high degree of coordination of wage bargaining is associated with a slower current account adjustment toward its long-run equilibrium. This result seems theoretically plausible; the aggregate shocks in the exporting sector are largely driven by idiosyncratic shocks and the presence of idiosyncratic shocks increases…
Essays on current account imbalances
2017
Global current account imbalances and intra-euro area imbalances have been at the forefront of academic and policy debates for the last ten years. This thesis examines the determinants of current account balances and external adjustment. It consists of an introduction and four empirical studies. This thesis highlights the importance of institutional factors such as differences in national cultures and cross-country differences in the coordination of wage bargaining on external balances. The first study investigates the effects of deep determinants on current account balances. The point estimates are economically and statistically significant, suggesting that countries populated by Roman Cat…