Spot market wages, implicit contracts and technological change: skill-level evidence from Finland

C-Tier
Journal: Applied Economics
Year: 2013
Volume: 45
Issue: 19
Pages: 2715-2723

Authors (2)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This article investigates the relevance of the theories of implicit contracts and spot market model to the skill-level wages in Finland. We use linked worker-firm panel data over the period from 1991 to 2004, which included major institutional and technological changes. We find similar patterns in the wage flexibility of primary and highly educated workers: their wages increased with the decreasing spot market unemployment rate after the EU membership still exhibiting some weak backward linkages. The wages of the secondary-educated did not follow the decreasing spot market unemployment, but instead some signs of the full commitment risk sharing were found.

Technical Details

RePEc Handle
repec:taf:applec:v:45:y:2013:i:19:p:2715-2723
Journal Field
General
Author Count
2
Added to Database
2026-01-25