CHANGES IN EARNINGS STRUCTURE IN FINNISH INDUSTRY DURING THE 1980S

The article deals with changes in the earnings structure, and factors affecting these trends, during the 1980s in Finnish industry. The main features were a reduction in the number of employees and thus an incr ease in the workers' average age. At the same time young persons enter ing the labour market were on average better educated. The baby-boom g eneration (born in the 1940s) experienced an increase in their relativ e wage compared to younger employees. Thus, the return earned on schoo ling has decreased.