• Cash-on-Hand and the duration of job search. Quasi-experimental evidence from Norway 

      Basten, Christoph; Fagereng, Andreas; Telle, Kjetil (Discussion Papers;679, Working paper, 2012)
      We identify the causal effect of lump-sum severance payments on non-employment duration in Norway by exploiting a discontinuity in eligibility at age 50. We find that a severance payment worth 1.2 months' earnings at the ...
    • Heterogeneity and Persistence in Returns to Wealth 

      Fagereng, Andreas; Guiso, Luigi; Malacrino, Davide; Pistaferri, Luigi (Discussion Papers;912, Working paper, 2019-07)
      We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population data from Norway’s administrative tax records. We document a number of novel results. First, individuals ...
    • Learned helplessness, discouraged workers, and multiple unemployment equilibria in a search model 

      Bjørnstad, Roger (Discussion Papers;No. 303, Working paper, 2001)
      Abstract: Unemployment varies strongly between countries with comparable economic structure. Some economists have tried to explain these differences with institutional differences in the labour market. Instead, this paper ...
    • Macroeconomic stability or cycles : the role of the wage-price spiral 

      Kolsrud, Dag; Nymoen, Ragnar (Discussion Papers;No. 625, Working paper, 2010)
      Abstract: We derive aggregate supply (AS) relationships for an intermediate-run macro model.The wage-price spiral provides the conceptual framework for a synthesis of different contesting theoretical and empirical perspectives ...
    • Modelling the heuristic dynamics of the wage and price curve model of equilibrium unemployment 

      Kolsrud, Dag; Nymoen, Ragnar (Discussion Papers;671, Working paper, 2012)
      A standard model of equilibrium unemployment consists of static equations for real wage ambitions (wage curve) and real wage scope (price curve), which jointly determine the NAIRU. The heuristics of the model states that ...
    • Saving and portfolio allocation before and after job loss 

      Basten, Christoph; Fagereng, Andreas; Telle, Kjetil (Discussion Papers;672, Working paper, 2012)
      Using administrative panel data from Norway, we investigate the development of household labor income, financial wealth and asset holdings over a nine-year period surrounding job loss. Consistent with a simple theoretical ...
    • Technology, trade and inequality 

      Bjørnstad, Roger; Skjerpen, Terje (Discussion Papers;No. 364, Working paper, 2003)
      Abstract: In recent decades new technology has led to increasing demand for well-educated labour at the expense of labour with lower education levels. Moreover, increased imports from low-cost countries have squeezed ...
    • The Effect of skill mismatch on wages in a small open economy with centralized wage setting: The Norwegian case 

      Bjørnstad, Roger (Discussion Papers;No. 270, Working paper, 2000)
      Pervasive skill-biased technological changes, probably from trade in computer technology, have visualized the pros and cons of wage setting centralization in small open economies. Skill mismatch has increased in countries ...
    • The ins and outs of top income mobility 

      Aaberge, Rolf; Atkinson, Anthony B.; Modalsli, Jørgen (Discussion papers;762, Working paper, 2013-10)
      This paper is concerned with the question of whether top income earners are permanently there or only temporarily receive the highest incomes. How much mobility is there at the top of the income distribution, and how has ...
    • Wage and employment effects of payroll taxes and investment subsidies 

      Johansen, Frode; Klette, Tor Jakob (Discussion Papers;No. 194, Working paper, 1997)
      Using a panel of manufacturing plants we study how payroll taxes and investment subsidies affect wages and demand for labor and capital. We exploit the regional subsidy schemes for labor and capital in Norway. Our empirical ...