Does financial deregulation cause a consumption boom?

Article Abstract:

An investigation of how financial deregulation affected private consumption in Sweden found that the consumption boom in the late 1980s can be explained by factors other than the liberalization of financial markets. Results affirmed the notion that permanent income dynamics was a crucial factor, since the mid-1980s represented a period when real wage growth increased, rising by 8.7% from 1983-1986 as exports fueled an economic recovery following a recession and a large devaluation in the early 1980s.

Financial Services, Finance and Insurance, Financial Management, Economic aspects, Causes of, Financial markets, Consumption (Economics), Financial institutions, Deregulation

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Theories of pay and unemployment: survey evidence from Swedish manufacturing firms

Article Abstract:

A survey of the personnel managers and wage negotiators in 176 Swedish manufacturing companies was carried out to examine Swedish wage setting practices and the role of different theories of pay and unemployment. The results, which confirm previous research findings, indicate the existence of nominal wage rigidity and efficiency wage mechanisms. In addition, they showed that firms tended not to hire underbidders.

Manufacturing industry, Manufacturing industries

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Relative wages under decentralized and corporatist bargaining systems

Article Abstract:

Previous studies have shown that different structures of collective bargaining have a direct impact on wage equality. Central unions tend to agree to lower wages in exchange for full employment while local unions strive to negotiate for higher wages, regardless of its employment costs. These differences in negotiating style has a major impact on the wage levels of employees with different skills.

Labor unions

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