reallønnsutvikling
Reallønnsutvikling refers to changes in the purchasing power of wages over time, i.e., wage growth adjusted for price level changes. It can be measured for individuals, households, or aggregates such as median wages, and is affected by inflation, productivity, and policy. It is often analyzed in national contexts and internationally.
Measurement: Real wages are obtained by deflating nominal wages with a price index, typically CPI or a
Drivers: The main determinants include productivity growth, employment conditions (unemployment rate, bargaining power), inflation and monetary
Data and context: In Norway, Statistics Norway (SSB) provides wage statistics and price indices used to calculate
Limitations and usage: Real wage development alone does not capture the distributional impact of wage changes,