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Changes in the Finnish Wage Structure: Will Demand and Supply Do?
Author(s) -
Uusitalo Roope
Publication year - 2002
Publication title -
scandinavian journal of economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.725
H-Index - 64
eISSN - 1467-9442
pISSN - 0347-0520
DOI - 10.1111/1467-9442.00272
Subject(s) - economics , wage , supply and demand , distribution (mathematics) , labour economics , simple (philosophy) , index (typography) , econometrics , microeconomics , computer science , mathematics , mathematical analysis , philosophy , epistemology , world wide web
This study addresses changes in the wage structure in Finland between 1977 and 1995, and provides a simple explanation based on the demand for and supply of skills. The single index model of Card and Lemieux (1996) is augmented by incorporating changes in the supply of skills. The augmented model adequately accounts for the changes in relative wages between groups of different education and experience, but does not capture the changes in the within‐group distribution. JEL classification : J 31