In this paper we analyze the determinants of real wages in Macedonia’s manufacturing sector. We emphasize the macroeconomic aspects involved, and use econometric panel data techniques to model the behaviour of real wages for the period 2005:1-2010:12, using monthly data. In the study we found...

The inter-industry diversity in productivity increase stimulated many studies on the industrial sources of economic growth. Much less efforts have been devoted to the study of the industrial sources of real income increase. Albeit from the standpoint of the economic system these aspects are two...

The duality between a production function and the cost function generated by it implies that a Solovian ‘growth accounting’ measure of productivity increase, as referred to the industry, has an equivalent dual measure, based on what may be called ‘price accounting’. It is argued in this...

Economists have long investigated the cyclical behavior of real wages in order to draw inferences regarding the relative stickiness of prices and wages. Recent studies have adopted techniques intended to identify monetary shocks and examined the response of real wages and output or employment to...

In this paper the issue of causality between wages and prices in UK has been tested. OLS relationship between prices and wages is positive; productivity is not significant in determination of prices or wages too. These variables from these statistics we can see that are stationary at 1 lag, i.e....

Canadian labor market data are being used in this paper. These series are quarterly data from 1980 Q1 to 2000 Q4. This series are stationary by test for cointegration I(0), meaning that there exist equilibrium relationship between the time series labour productivity (prod), employment (e),...

Bedevilling the ongoing debate about changes in real-incomes in late-medieval western Europe, especially during the so-called ‘Golden Age of the Labourer’, is the very troubling issue of ‘wage-stickiness’. The standard and long-traditional explanation for this supposed ‘Golden Age’...

This study is an investigation into the real wage rates of casual labourers in Shillong, the capital city of Meghalaya. First, trends in nominal wages during 1997-2000 have been studied. Then the consumption expenditure of casual labourers on wage goods is analysed and finally, changes in prices...

This paper analyses the major changes in textile products, production costs, prices, and market orientations during the era when the ‘draperies’ or cloth industries of the late-medieval Low Countries and England had become increasingly dependent upon northern markets and the German Hanseatic...

A popular and highly politicized theme today is that US workers are falling behind as their real wages fall and income gets redistributed to the rich. The Hamilton Project at the Brookings Institution, led by Robert Rubin, Lawrence Summers and Roger Altman, is dedicated to the study of this...