Rent sharing may generate productivity dependent wage differentials. Productivity growth creates intertemporal spill-over effects, which affect the incentives for innovation at subsequent dates. Over time the industry equilibrium approaches a steady state. The paper characterizes the evolution of the industry...
Broad-based income growth has diverged from productivity growth, because declining labor share of income and rising inequality are eroding median wage growth, and the rapidly rising costs of housing and education exert a dampening effect on consumer purchasing power. It appears increasingly difficult ...
Labor productivity is typically the biggest determinant of economic and wage growth in the long term. And over time, labor productivity and real wages are closely—though not exactly—linked.On a country scale, labor productivity is frequently calculated as a ratio of GDP per total hours worked....
A measure of employers' wage costs, meanwhile, rose a rate of 2.5 percent in the first quarter. While that was down from a 3 percent pace in the fourth quarter, the still-buoyant growth in so-called unit labor costs is likely to raise concerns about inflation. "While the productivity gai...
Current demographic developments in industrialized countries and their consequences for workforce ageing challenge the sustainability of intergenerational transfers and economic growth. A shrinking share of the young workforce will have to support a growing share of elderly, non-working people. Therefore, th...
Wage growth and labor productivity out of touch, weakened the competitiveness of the Greek economy. 翻译结果2复制译文编辑译文朗读译文返回顶部 Wage growth and the improvement of labor productivity the divorce, weakened the Greece economic competitiveness. 翻译结果3复制译文编辑译文朗读译文返回顶部 Wage gro...
Pearson said: "In Britain we have seen very little in the way of wage growth and of productivity growth, there are still far too many people who have inadequate skills for today's job market and until that is addressed it is hard to have growth, high employment and high productivity. ...
This paper argues that one cannot tell a convincing story of the rise in OECD unemployment without mentioning the slowdown in productivity and real wage growth that occurred in the 1970s. It is argued that whereas most authors have regarded any effects of the slowdown on unemployment as temporary...
Higher output, after all, makes it easier for employers to raise wages—and while the link between productivity and wage growth may have weakened in recent decades, it still exists. If companies pass on the savings to customers in the form of lower prices, households and businesses are left ...
As far as we know, empirical studies do not analyse the effects of education spending simultaneously with productivity, wage gains, and per capita growth. Therefore, we will address these issues in this article. First, the academic literature will be reviewed focusing on the impact of public ...