Now showing items 1-20 of 402

    • Absence and Overtime Work: Empirical Evidence from Norway 

      Dyrstad, Jan Morten; Ose, Solveig Osborg (Working Paper Series, 1503-299X; 2001:26, Research report, 2002)
      This paper presents both theoretical and empirical analyses of the relationship between overtime work and absence. Demand for absence is analysed under the assumption that workers in a given firm can be represented by one ...
    • Non-linear Unemployment Effects in Sickness Absence: Discipline or Composition Effects? 

      Dyrstad, Jan Morten; Ose, Solveig Osborg (Working Paper Series, 1503-299X; 2002:25, Research report, 2002)
      By applying Smooth Transition Regressions (Teräsvirta, 1998) we test whether effects on short (STA) and long term (LTA) sickness absence depend on the level of unemployment. The main question is to what extent unemployment ...
    • The Empirical (ir)Relevance of the New Keynesian Phillips Curve 

      Bårdsen, Gunnar; Jansen, Eilev S.; Nymoen, Ragnar (Working Paper Series, 1503-299X; 2002:21, Research report, 2002)
      We give an appraisal of the New Keynesian Phillips curve (NPC) as an empirical model of European inflation. We show that existing evidence reported in favour of the NPC on Euro-area and country data is due to a corroborative ...
    • Wages and Subjective Assessments of Regional Labour Market Pressure 

      Carlsen, Fredrik; Johansen, Kåre (Working Paper Series, 1503-299X; 2002:20, Research report, 2002)
      We utilise a rich set of regional labour market variables to explain regional variation in Norwegian manufacturing wages. In particular, regional indicators of labour market pressure are computed from survey data in which ...
    • International Spillovers, Productivity Growth and Openness in Thailand: An Intertemporal General Equilibrium Analysis 

      Diao, Xinshen (Working Paper Series, 1503-299X; 2002:22, Research report, 2002)
      Thailand has experienced economic growth well above world averages for about 40 years. It is a challenge to understand the sources of this high growth path, and in particular why growth has not slowed down with assumed ...
    • Learning by Exporting and Productivity-Investment Interaction: An Intertemporal General Equilibrium Analysis of the Growth Process in Thailand 

      Diao, Xinshen; Rattsø, Jørn; Stokke, Hildegunn E. (Working Paper Series, 1503-299X; 2002:24, Research report, 2002)
      While the discussion of Thailand and East Asian growth has been a controversy between capital accumulation and productivity stories, we analyze the general equilibrium interaction between productivity and investment in an ...
    • Wage Bargaining and Employer Objectives 

      Falch, Torberg (Working Paper Series, 1503-299X; 2002:24, Research report, 2002)
      This paper compares union wage bargaining outcomes across different types of employers. Five different employer objectives are discussed; profit–, welfare– and output maximization, and two specifications of a Leviathan. ...
    • A Wage Curve for the Interwar Labour Market: Evidence from a Panel of Norwegian Manufacturing Industries 

      Bårdsen, Gunnar; Doornik, Jurgen; Klovland, Jan Tore (Working Paper Series, 1503-299X; 2002:18, Research report, 2002)
      We present an econometric analysis of wage behaviour in Norway during the interwar years. Applying GMM estimation methods to a newly constructed panel of manufacturing industry data, we Þnd that the interwar years do not ...
    • Model Specification and Inflation Forecast Uncertainty 

      Bårdsen, Gunnar; Jansen, Eilev S.; Nymoen, Ragnar (Working Paper Series, 1503-299X; 2002:13, Research report, 2002)
      Three classes of inflation models are discussed: Standard Phillips curves, New Keynesian Phillips curves and Incomplete Competition models. Their relative merits in explaining and forecasting inflation are investigated ...
    • Survey-based Indicators of Regional Labour Markets and Interregional Migration in Norway 

      Carlsen, Fredrik; Johansen, Kåre (Working Paper Series, 1503-299X; 2002:14, Research report, 2002)
      A rich set of regional labour market variables is utilised to explain interregional migration in Norway. In particular, regional indicators of labour market pressure are computed from survey data in which respondents are ...
    • International Diversification, Growth, and Welfare with Non-Traded Income Risk and Incomplete Markets 

      Matsen, Egil (Working Paper Series, 1503-299X; 2002:17, Research report, 2002)
      We ask how the potential benefits from cross-border asset trade are affected by the presence of non-traded income risk in incomplete markets. We show that the mean consumption growth may be lower with full integration than ...
    • Regional Wage Curves Empirical Evidence from Norway 

      Johansen, Kåre (Working Paper Series, 1503-299X; 2002:3, Research report, 2002)
      The papers studies wage formation using panel data for a large sample of Norwegian municipalities covering the time period 1970—1992. The main conclusions are the following. Regional manufacturing wages are negatively ...
    • Financial Integration and Consumption Comovements in the Nordic Countries 

      Matsen, Egil; Thøgersen, Øystein (Working Paper Series, 1503-299X; 2002:15, Research report, 2002)
      The cross-country correlations between annual per capita consumption growth in the Nordic countries (Denmark, Finland, Norway and Sweden) during the period 1973-1996 are much lower than predicted by the basic theory of ...
    • On Asymmetric Information across Countries and the Home-Bias Puzzel 

      Matsen, Egil (Working Paper Series, 1503-299X; 2002:2, Research report, 2002)
      This paper investigates the allocation decision of an investor who owns two projects, a domestic and a foreign one. A manager governs the expected return from each project, and the investor has less information on the ...
    • Habit Persistence and Welfare Gains from International Asset Trade 

      Matsen, Egil (Working Paper Series, 1503-299X; 2002:1, Research report, 2002)
      We introduce habit formation in a model that studies the link between international trade in financial assets, economic growth, and welfare. As with time separable preferences asset trade increases the mean growth rate, ...
    • The Generic Properties of Equilibrium Correction Mechanisms 

      Bårdsen, Gunnar; Hurn, Stand; Lindsay, Kenneth (Working Paper Series, 1503-299X; 2002:4, Research report, 2002)
      Linear dynamic equilibrium correction mechanisms are shown to follow from the discretisation of continuous economic processes with steady-state solutions. In addition, the proposed procedure on the coefficients of the ...
    • Designing Social Security – A Portfolio Choice Approach 

      Matsen, Egil; Thøgersen, Øystein (Working Paper Series, 1503-299X; 2002:11, Research report, 2002)
      Public social security systems may provide diversification of risks to individuals’ life-time income. Capturing that a pay-as-you-go program (paygo) may be considered as a “quasiasset”, we study the optimal size of the ...
    • Modelling Wages and Prices in Australia 

      Bårdsen, Gunnar; Hurn, Stan; McHugh, Zoë (Working Paper Series, 1503-299X; 2002:12, Research report, 2002)
      This paper estimates a simultaneous-equation model of wages and prices for Australia, underpinned by a competing claims framework of imperfect competition. Two separate cointegrating relationships for wages and prices are ...
    • Testing Steady-State Implications for the NAIRU 

      Bårdsen, Gunnar (Working Paper Series, 1503-299X; 2002:16, Research report, 2002)
      Estimates of the NAIRU are usually derived either from a Phillips curve or from a wage curve. This paper investigates the correspondence between the operational NAIRU-concepts and the steady state of a dynamic wage-price ...
    • Plastkraft - gullgruve eller miljøbombe? 

      Olaussen, Jon Olaf (Working Paper Series, 1503-299X; 2002:7, Research report, 2002)