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Wage Dispersion in Finland: Searching for Human Capital

Author

Listed:
  • Hannu Piekkola

    (The Research Institute of the Finnish Economy)

Abstract

In Finland, shifts in compensation have been of a kind comparable to those in the United States, similar but with a moderate, increasing wage variance between plants, an increasing gap between average non-productive- and productive-worker wages, and an increasing share of non-production workers. In the boom period of 1995- 1998 the education premium rose. Despite the rise in individual heterogeneity, there has been no major increase in wage dispersion. The entire rise in wage dispersion has taken place between plants, while the education premium dispersion has risen mainly within plants. At the same time, the distribution of capital and Research and Development (R&D) investment across firms has worked in the direction of mitigating wage inequality.

Suggested Citation

  • Hannu Piekkola, 2007. "Wage Dispersion in Finland: Searching for Human Capital," Journal of Income Distribution, Ad libros publications inc., vol. 16(1), pages 8-25, March.
    • Handle: RePEc:jid:journl:y:2007:v:16:i:1:p:8-25
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    File URL: http://pi.library.yorku.ca/ojs/index.php/jid/article/viewFile/2739/1944
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    Cited by:

    1. Jari Vainiomäki, 2020. "The development of wage dispersion and wage rigidity in Finland," Finnish Economic Papers, Finnish Economic Association, vol. 29(1), pages 1-32, Spring.

    More about this item

    Keywords

    income distribution; human capital; compensation policy;
    All these keywords.

    JEL classification:

    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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