Add to ORKGLabour productivity growth determines wage growth, but there is also a causal link in the opposite direction. Our panel data analysis of 19 OECD countries (1960-2004) shows that a one-percentage point change in growth rates of real wages corresponds to 0.31 - 0.39 percentage points change in labour productivity growth. This finding casts doubt on the desirability of wage-cost saving flexibilization of European labour markets. The latter may favor job growth but impedes labour productivity growth, which is problematic with an ageing population in Europe
This paper challenges the prevailing view of the neutrality of the labour income share to labour dem...
This paper challenges the prevailing view of the neutrality of the labour income share to labour dem...
A number of recent studies have documented extensive downward nominal wage rigidity (DNWR) for job s...
Labour productivity growth determines wage growth, but there is also a causal link in the opposite d...
Mainstream economists argue that unemployment can be reduced by deregulation of labor markets, that ...
Based on comprehensive regression analysis, the authors find that weak wage growth and a smaller lab...
The productivity slowdown in Europe since the mid-1990s is a reason for concern. Labour market rigid...
ABSTRACT In this paper, we examine long-run employment and productivity growth in the major economie...
The drop in the labor share experienced in high-income countries in the last three to four decades t...
The drop in the labor share experienced in high-income countries in the last three to four decades t...
This paper proposes an empirical analysis about the influence of some institutional factors (taxatio...
The drop in the labor share experienced in high-income countries in the last three to four decades t...
The drop in the labor share experienced in high-income countries in the last three to four decades t...
Throughout the post-war era until 1995 labour productivity grew faster in Europe than in the United ...
This paper challenges the prevailing view of the neutrality of the labour income share to labour dem...
This paper challenges the prevailing view of the neutrality of the labour income share to labour dem...
This paper challenges the prevailing view of the neutrality of the labour income share to labour dem...
A number of recent studies have documented extensive downward nominal wage rigidity (DNWR) for job s...
Labour productivity growth determines wage growth, but there is also a causal link in the opposite d...
Mainstream economists argue that unemployment can be reduced by deregulation of labor markets, that ...
Based on comprehensive regression analysis, the authors find that weak wage growth and a smaller lab...
The productivity slowdown in Europe since the mid-1990s is a reason for concern. Labour market rigid...
ABSTRACT In this paper, we examine long-run employment and productivity growth in the major economie...
The drop in the labor share experienced in high-income countries in the last three to four decades t...
The drop in the labor share experienced in high-income countries in the last three to four decades t...
This paper proposes an empirical analysis about the influence of some institutional factors (taxatio...
The drop in the labor share experienced in high-income countries in the last three to four decades t...
The drop in the labor share experienced in high-income countries in the last three to four decades t...
Throughout the post-war era until 1995 labour productivity grew faster in Europe than in the United ...
This paper challenges the prevailing view of the neutrality of the labour income share to labour dem...
This paper challenges the prevailing view of the neutrality of the labour income share to labour dem...
This paper challenges the prevailing view of the neutrality of the labour income share to labour dem...
A number of recent studies have documented extensive downward nominal wage rigidity (DNWR) for job s...