Labour markets in Finland during the great twentieth centuty

Dados Bibliográficos

ID20379331
AutoresPetri Böckerman (0000-0002-5372-2985), Jaakko Kiander
Ano2002
Volume50
Fascículo2
Páginas55-70
Data de publicação2002-05-01
Peer ReviewedSim
Open AccessNão
TipoARTICLE
PeriódicoScandinavian Economic History Review (JOURNAL)
Identificadores do periódicoISSN: 0358-5522 • E-ISSN: 1750-2837
EditoraInforma UK Limited (PUBLISHER • GB)
DOI10.1080/03585522.2002.10410808
OpenAlexW2323972396
IdiomaEN
Citações recebidas2
Referências citadas8

The study compares the great depressions of the twentieth century in Finland from the perspective of labour market adjustment channels. The increase in employment was much more rapid during the rebound from the great depression of the 1930s compared with the recovery from the great slump of the 1990s. There was a moderate decline in real wages in manufacturing industries during the early 1990s, However, the slump of the 1930s brought a severe fall in real wages. The nominal wage adjustment of the Finnish labour markets was entirely dissimilar in these two depressions. During the 1990s nominal wages in the manufacturing industries did not decline at all. This pattern is in sharp contrast to the deep cuts in nominal wages during the 1930s. There was an increase in the level of labour productivity during the great depressions of the twentieth century which is linked to restructuring during the times of economic slowdown

Economics · Geography · Great Depression · Labour economics · Macroeconomics · Political science · Productivity · Real wages · Restructuring · Slowdown · Slump · Wage · Economic Growth and Productivity · German Economic Analysis & Policies · Monetary Policy and Economic Impact