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We develop a model which shows that wages, prices and real income should grow faster in countries with low increase in their labour force. If not, other countries experience growing unemployment and/or trade deficit. This result is applied to the case of Germany, which has displayed a...
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"This paper compares productivity developments across industrial countries based on official OECD data in the business … sector. It discusses the uncertainties surrounding the measurement of both productivity levels and productivity growth, and … then focuses on changes in productivity growth. The paper analyses labour productivity patterns and trends of total factor …
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the labor productivity of workers across the age distribution, while one-third arises from slower labor force growth. Our …
Persistent link: https://www.econbiz.de/10012968653
the labor productivity of workers across the age distribution, while one-third arises from slower labor force growth. Our …
Persistent link: https://www.econbiz.de/10012456225
the labor productivity of workers across the age distribution, while one-third arises from slower labor force growth. Our …
Persistent link: https://www.econbiz.de/10014140108
This paper compares productivity developments across industrial countries based on official OECD data in the business … sector. It discusses the uncertainties surrounding the measurement of both productivity levels and productivity growth, and … then focuses on changes in productivity growth. The paper analyses labour productivity patterns and trends of total factor …
Persistent link: https://www.econbiz.de/10014061413