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to reduce its labour costs. If the level of wages is sufficiently low, the firm's rate of productivity growth approaches …
Persistent link: https://www.econbiz.de/10005067455
labor costs. Our analysis indicates that when wages and prices are flexible, product demand policies have no significant …
Persistent link: https://www.econbiz.de/10005666572
productivity relative to the aggregate economy leads to a rise in relative wages of 0.1-0.2%. As a corollary to this, outside …
Persistent link: https://www.econbiz.de/10005791514
predictions of this model against data from the British Household Panel Survey, using earnings as a proxy for productivity. We … find that PRP raises wages by about 9% for men and 6% for women over the entire (union and non-union) sample. Our …
Persistent link: https://www.econbiz.de/10005504474
significantly the wages of eligible workers but were frequently abandoned after an initial period of experiment. Analysis of data …
Persistent link: https://www.econbiz.de/10005656141
A number of writers have recently questioned whether labour productivity or per capita incomes were ever higher in the United Kingdom than in the United States. We show that although the United States already had a substantial labour productivity lead in industry as early as 1840, especially in...
Persistent link: https://www.econbiz.de/10005661647
Switzerland has experienced a substantial influx of immigrants over the 50 years since World War II, to the extent that it now has one of the highest share of foreigners in population among OECD countries. This paper analyses Switzerland’s experience of migration, centring on two main issues:...
Persistent link: https://www.econbiz.de/10005661751
The objective of this paper is to provide, in the context of a dynamic general equilibrium model, an answer to the following five questions: 1) To what extent does an economy subject to regular variations in labour productivity growth differ from one where labour productivity is constant? 2)...
Persistent link: https://www.econbiz.de/10005662360
The commonly accepted chronology for comparative productivity levels based on GDP data does not apply to the manufacturing sector, where there is evidence of a much greater degree of stationarity of comparative labour productivity performance among the major industrialized countries of Germany,...
Persistent link: https://www.econbiz.de/10005788874
This paper studies the dynamic behaviour of changes in productivity, wages, and prices. Results are based on a new data … exaggerated in recent work. Europe has neither greater nominal wage flexibility nor more rigid real wages than the United States … any of the benefits of increased output. The analysis of real wages also yields new results. A consistent treatment of the …
Persistent link: https://www.econbiz.de/10005789135