Wage Formation in Sweden: Summary

2007 negotiations 4.4 percent affect the wage Agreement for Hotel Agreement for Retail Agreement for Salaried Agreement for Technical annual increase average wages change in wage collective agreements collective bargaining agreements compress the wage conditions for wage cost of labour design of labour Diagram E-mail economy effect on employment equilibrium level equilibrium unemployment rate higher minimum wages Hotel and Restaurant hourly earnings increase in hourly increase in labour increasing wage differentials Juhana Vartiainen KUNGSGATAN labour contracts labour market parties labour negotiations level of equilibrium local wage formation low-wage industries Macroeconomic National Mediation Office negative effect negotiated wage increases Office and NIER pay bargaining round percentile previous contract period productivity growth quarterly values rate of increase rate of wage relative wages residual item Restaurant Workers Retail Workers role of manufacturing rounds of collective salaried employees structural rate tight labour market unchanged equilibrium unemployment wage distribution wage formation wage negotiations wage-earners www.konj.se