Download or read book Wage Formation and Macroeconomic Policy in the Nordic Countries written by Torben M. Andersen and published by . This book was released on 1990 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scandinavian Labor market policies have always represented one of the strongest alternatives to those adopted by recent governments in the United Kingdom and the United States, and the ability of these countries to maintain such low unemployment is currently of great interest to economists. This book offers a comprehensive analysis of both wage formation in the individual Nordic economies and general aspects of Nordic wage setting institutions, in particular the relation between centralized bargaining and wage drift. This book will be of special interest to economists, policy makers, and trade unions.