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According to data from the Labor Productivity and Costs (LPC) program, average hourly real compensation in the United States has grown consistently over time and become markedly more volatile since the mid-1980s. By contrast, data from the Current Employment Statistics (CES) imply that average...
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, Spain, France, the Netherlands and the US. Based on the estimated parameters, we derive time-varying elasticities of wages …
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the estimated parameter elasticities of wages with respect to labour productivity, value added and consumer prices, taxes … prices in the formation of wages in the seventies and eighties was taken over by labour productivity in the US and …
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In this paper, the inter-industry wage structure in West Germany and USA is compared using the German Socio … is shown that the structure of wages has remained remarkably stable over this time period, and that the German structure …
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