productivity, whereas the labour market reform effect is similar to an increase in the degree of competition in the labour market …

with respect to productivity, we demonstrate that productivity growth affects the labour share in the long run due to … frictional growth (that is, the interplay of wage dynamics and productivity growth). In the light of this result, we consider a … (or, equivalently, the wage-productivity gap) deserves the attention of policy makers. -- Wages ; Productivity ; Labour …