Need to maintain a tight stance for some time

Introductory statement by Deputy Governor Pål Longva at press conference following announcement of the policy rate on 21 September 2023.publishedVersio

Report from Norges Bank Watch

Remarks by Pål Longva, Deputy Governor of Norges Bank, 1 March 2023.publishedVersio

Report from Norges Bank Watch 2024

Remarks by Pål Longva, Deputy Governor of Norges Bank, 23 February 2024.publishedVersio

Earnings assimilation of immigrants in Norway: A reappraisal

The relative earnings growth for immigrants in Norway is computed using data for all immigrants in Norway, in 1980 and 1990. We find that the earnings of OECD immigrants are comparable to those of natives at the time of entry and remain at the same level. Non-OECD immigrants earn considerably less than natives at the time of entry, but their relative earnings improve gradually over time. Also, we find that earnings of different immigrant cohorts converged from 1980 to 1990 and evidence that the rate of assimilation is non-linear. Assimilation estimates derived from cross-sectional differences between immigrant cohorts exaggerate the speed at which Non-OECD immigrants catch up with the earnings of the Norwegian born population

Behov for å holde renten oppe en god stund

Visesentralbanksjef Pål Longvas innledning på pressekonferanse om rentebeslutningen 21. september 2023.publishedVersio

Rapport fra Norges Bank Watch 2023

Innlegg ved visesentralbanksjef Pål Longva, 1. mars 2023.publishedVersio

Rapport fra Norges Bank Watch 2024

Innlegg ved visesentralbanksjef Pål Longva, 23. februar 2024.publishedVersio

Earnings assimilation of immigrants in Norway – A reappraisal

The relative earnings growth for immigrants in Norway is computed. Unlike Hayfron (1998, this journal) we define immigrants by country of origin rather than citizenship and perform separate studies of immigrants from inside and outside the OECD region. Replicating Hayfron op.cit. we find that the earnings assimilation is considerably weaker. Further, we find that the earnings of OECD immigrants are comparable to those of natives, while Non-OECD immigrants earn considerably less than natives at the time of entry, but that their relative earnings improve gradually over time. Earnings of different immigrant cohorts converged from 1980 to 1990, indicating a non-linear rate of assimilation. Copyright Springer-Verlag Berlin Heidelberg 2003JEL classification: J31, Key words: Wage differentials, earnings assimilation,

Out-migration of immigrants : implications for assimilation analysis

The labor market behavior of immigrants is studied in relation to the propensity to outmigrate. Utilizing a large micro dataset for individuals in Norway, which enables identification of out-migrants, I find in line with other studies that attachment to the labor market influences positively on the propensity to stay in the host country. Among the individuals in the labor force I find that out-migrants originally from Non-OECD countries are negatively selected in terms of labor market earnings, from the pool of Non- OECD immigrants. Among immigrants from OECD countries a more mixed picture arises, with the out-migrants drawn from both extremes of the earnings distribution. Further, I find some indications that immigrants in the upper part of the earnings distribution for OECD immigrants are highly mobile and consequently stay only a very short time in the host country