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productivity relative to the aggregate economy leads to a rise in relative wages of 0.1-0.2%. As a corollary to this, outside …
Persistent link: https://www.econbiz.de/10005791514
to reduce its labour costs. If the level of wages is sufficiently low, the firm's rate of productivity growth approaches …
Persistent link: https://www.econbiz.de/10005067455
labor costs. Our analysis indicates that when wages and prices are flexible, product demand policies have no significant …
Persistent link: https://www.econbiz.de/10005666572
The debate about the long-term economic development of China compared with Europe has taken a new turn with the publication of Kenneth Pomeranz’ book on ‘The Great Divergence’, in which he maintains that before the Industrial Revolution the most advanced parts of China (in particular the...
Persistent link: https://www.econbiz.de/10008677242
This paper provides three perspectives on long-run growth rates of labor productivity (LP) and of multi-factor productivity (MFP) for the U. S. economy. It extracts statistical growth trends for labor productivity from quarterly data for the total economy going back to 1952, provides new...
Persistent link: https://www.econbiz.de/10008607509
exporter of manufactured goods not simply by catching-up in labour productivity terms, but by holding the growth of real wages …
Persistent link: https://www.econbiz.de/10011272720
The commonly accepted chronology for comparative productivity levels based on GDP data does not apply to the manufacturing sector, where there is evidence of a much greater degree of stationarity of comparative labour productivity performance among the major industrialized countries of Germany,...
Persistent link: https://www.econbiz.de/10005788874
This paper studies the dynamic behaviour of changes in productivity, wages, and prices. Results are based on a new data … exaggerated in recent work. Europe has neither greater nominal wage flexibility nor more rigid real wages than the United States … any of the benefits of increased output. The analysis of real wages also yields new results. A consistent treatment of the …
Persistent link: https://www.econbiz.de/10005789135
This paper uses information from a panel of Dutch firms to investigate the labour productivity effects of performance related pay (PRP). We find that PRP increases labour productivity at the firm level with about 9%.
Persistent link: https://www.econbiz.de/10005791770
We provide comparisons between East and West Germany before reunification of relative levels of output per hour in manufacturing industries. The comparisons are based on the industry of origin approach which makes use of information on value added and employment derived from production...
Persistent link: https://www.econbiz.de/10005792123