Disentangling Pay and Productivity in a Corporatist Economy: The Case of Germany

Conventional theory predicts that productivity gains lead to pay hikes. Pay increases, however, can influence labor productivity. But what about in a corporatist economy? Focusing on Germany, we use an innovative technique developed by Geweke to disentangle the relationship between pay and productivity.

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Year of publication:	2002
Authors:	Fuess, Jr. Scott M. ; Millea, Meghan
Publisher:	Bonn : Institute for the Study of Labor (IZA)
Subject:	Lohn \| Produktivität \| Tarifpolitik \| Effizienzlohn \| Korporatismus \| Schätzung \| Deutschland \| labor contracts \| efficiency wages \| corporatism

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Series:	IZA Discussion Papers ; 597
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	846048868 [GVK] hdl:10419/21289 [Handle]
Classification:	J41 - Contracts: Specific Human Capital, Matching Models, Efficiency Wage Models, and Internal Labor Markets ; J30 - Wages, Compensation, and Labor Costs. General ; J50 - Labor-Management Relations, Trade Unions, and Collective Bargaining. General ; C22 - Time-Series Models
Source:	EconStor

Persistent link: https://www.econbiz.de/10010273751