Effects of changes in working experience and education on the Icelandic Wage Index

  • Statistical Series
  • 10. December 2019
  • Vol 104, Issue 15
  • ISSN: 1670-4770

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The results from a recent study on the proposed effects of factors like working experience and education suggest that the effects on the Icelandic Wage Price Index (IWPI) are small or 0.024% on average per month based on data from 2008 to 2018. The effects are not statistically significant and the average grows linear with the number of index chaining.

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