Wage Dispersion and Productive Efficiency: Evidence for Sweden

  title={Wage Dispersion and Productive Efficiency: Evidence for Sweden},
  author={Douglas A. Hibbs and H{\aa}kan Locking},
$EVWUDFW The effects of wage dispersion on productive efficiency is a topic rich in theoretical conjecture, a common object of Scandinavian polemical debate and at the same time an issue almost barren of systematic econometric evidence. The Swedish record of enormous compression of relative wages under the institutional regime of centralized solidarity bargaining, followed by substantial de-compression of wages after central bargaining broke down, supplies observations well suited for empirical… CONTINUE READING

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