Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/211523 
Year of Publication: 
1988
Series/Report no.: 
Bank of Finland Discussion Papers No. 20/1988
Publisher: 
Bank of Finland, Helsinki
Abstract: 
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 role in wage setting is applied. An analysis is made of basic trends in those factors which theoretical considerations imply as being relevant. The "wedge" between product wages and after tax consumption wages is evaluated with special care. It is stated that the wedge cannot be claimed to be a key factor contributing to the unfavourable trends seen in Finnish labour markets since the late 1970s. It is also argued that collective incomes policy measures have contributed to shortening of the adjustment lags in labour markets at least in some relevant occasions.
Persistent Identifier of the first edition: 
ISBN: 
951-686-167-9
Document Type: 
Working Paper

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