This paper is making an attempt to examine the long-run relationship between the key labor market parameters employment, aggregate output, real product wages and laboraugmenting technical progress for a sample of 21 OECD countries covering the period from 1970 to 2000. We apply a new panel error...

This paper discusses conceptual frameworks for measuring the effects of innovation policy and begins with applying conventional descriptive methods to explore how firms rate and rank the merits of public intervention. Based on survey data from some 1200 Austrian firms we then challenge the...

This paper puts emphasis on the earnings development at the lower end of the earnings distribution and its development over time. The main objective is to provide more insight into the mechanism of impoverishment and marginalisation of various groups of people as well as the dynamics.

Income distribution as it currently is and its long-term development are studied from a variety of data sources. In terms of workers, the study focuses on the wages and salaries of the dependently employed. It finds that the gap between low- and high-wage earners is broad and has further widened...

The process of wage determination is mediated by the institutional framework of the labor market. Bargaining systems differ not only in their mode of governance, but also in the way that wages are related to unemployment, inflation, and productivity growth. Based on annual data for the period...

Panel data analysis has become very popular in comparative political economy. However, in order to draw meaningful inferences from such data, one has to address specification and estimation issues carefully. This paper aims to demonstrate various pitfalls that typically occur in applied...