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dc.contributor.advisorMyrland, Øystein
dc.contributor.advisorSirnes, Espen
dc.contributor.authorViland, Kristoffer
dc.description.abstractIn this thesis, hourly wage rate data spanning 1978-2018 has been collected to investigate if the wage levels in the construction and wholesale sectors follow the wage levels in the industry, public, and private sectors. Against the backdrop of the EU expansion in 2004 and the 2001 implementation of inflation targeting monetary policy, there has been an interest in studying the stability of the dynamics of the Norwegian wage formation model. Anchored in data, the construction and wholesale undersectors have been selected to study the cointegrating dynamics of the Norwegian model. Testing for cointegration in the variables, the results show one cointegrating vector; implying the existence of a long-run equilibrium relationship between the wage variables. The results thus show that, despite the EU expansion and the introduction of inflation targeting monetary policy, the Norwegian model ensures that the sector-wise wage levels never stray too far away from each other.en_US
dc.publisherUiT Norges arktiske universitetno
dc.publisherUiT The Arctic University of Norwayen
dc.rights.holderCopyright 2020 The Author(s)
dc.rightsAttribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)en_US
dc.subjectVDP::Social science: 200::Economics: 210::Econometrics: 214en_US
dc.subjectVDP::Samfunnsvitenskap: 200::Økonomi: 210::Økonometri: 214en_US
dc.subjectWage formationen_US
dc.subjectMain-course modelen_US
dc.subjectInflation targetingen_US
dc.subjectLabour immigrationen_US
dc.titleCointegration in the Norwegian Model for Wage Formation. Against the Backdrop of the 2004 EU Expansion and the 2001 Change to Inflation Targeting, Have Wage Levels in the Construction and Wholesale Undersectors Continued to Exhibit a Long-Run Relationship with Wage Levels in the Industry, Public and Private Sectors?en_US
dc.typeMaster thesisen

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Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)