NORWEGIAN WAGE CURVES
利用挪威制造业年度时间序列数据，发现工资与失业率之间存在长期非线性关系，支持长期失业假说，并拒绝了菲利普斯曲线。
ABSTRACT The paper presents empirical evidence on wage formation in Norway using annual time series data for manufacturing industry. First, we show that long‐run effects on consumer prices and taxes depend strongly on the exact definition of the empirical variables. Using the implicit factor income deflator, the wedge between consumer's and producer's real wages is insignificant. Second, our results indicate that there is a long‐run tradeoff between the wage level and the unemployment ratio and the Phillips curve specification is firmly rejected. Third, the paper presents empirical evidence in favour of a strongly non‐linear wage curve. Fourth, our results support the long‐term unemployment hypothesis, as increased proportion of long‐term unemployment shifts the wage curve outwards and to the right.