Matches in SemOpenAlex for { <https://semopenalex.org/work/W2898861787> ?p ?o ?g. }
Showing items 1 to 73 of
73
with 100 items per page.
- W2898861787 abstract "One of the classical problems of political economy has been to understand the relation between labour compensation and labour productivity; in more recent years, then, wage growth has become a key concern for the conduct of monetary policy by major central banks. This paper studies to what extent increases in productivity translate into increases in compensations. While previous studies had investigated this relation in the case of the US, this work enlarges the scope of the analysis to a set of 34 advanced economies over the past half century. The results show on average a significant link between growth in productivity and growth in compensation, however there is no one-to-one relation, there is instead a significant gap. Cyclical conditions as well as labour market structures greatly affect this relation. These findings imply that policies aiming at increasing productivity are a necessary but not sufficient condition to achieve also appropriate pay growth, because other factors intervene to weaken the link between the two. Although this topic has gained more prominence in the US, the analysis shows that these findings apply to the EU and to other advanced economies as well. Finally, to the extent that the gap between productivity and compensation affects aggregate demand, understanding it is crucial for the conduct of macroeconomic policies." @default.
- W2898861787 created "2018-11-09" @default.
- W2898861787 creator A5037131831 @default.
- W2898861787 date "2018-01-01" @default.
- W2898861787 modified "2023-09-27" @default.
- W2898861787 title "The Relation between Productivity and Compensation in Europe" @default.
- W2898861787 hasPublicationYear "2018" @default.
- W2898861787 type Work @default.
- W2898861787 sameAs 2898861787 @default.
- W2898861787 citedByCount "0" @default.
- W2898861787 crossrefType "posted-content" @default.
- W2898861787 hasAuthorship W2898861787A5037131831 @default.
- W2898861787 hasConcept C11171543 @default.
- W2898861787 hasConcept C127413603 @default.
- W2898861787 hasConcept C139719470 @default.
- W2898861787 hasConcept C145236788 @default.
- W2898861787 hasConcept C15744967 @default.
- W2898861787 hasConcept C162324750 @default.
- W2898861787 hasConcept C172123218 @default.
- W2898861787 hasConcept C18762648 @default.
- W2898861787 hasConcept C199360897 @default.
- W2898861787 hasConcept C204983608 @default.
- W2898861787 hasConcept C25343380 @default.
- W2898861787 hasConcept C2777388388 @default.
- W2898861787 hasConcept C2778012447 @default.
- W2898861787 hasConcept C2780023022 @default.
- W2898861787 hasConcept C41008148 @default.
- W2898861787 hasConcept C77088390 @default.
- W2898861787 hasConcept C78519656 @default.
- W2898861787 hasConceptScore W2898861787C11171543 @default.
- W2898861787 hasConceptScore W2898861787C127413603 @default.
- W2898861787 hasConceptScore W2898861787C139719470 @default.
- W2898861787 hasConceptScore W2898861787C145236788 @default.
- W2898861787 hasConceptScore W2898861787C15744967 @default.
- W2898861787 hasConceptScore W2898861787C162324750 @default.
- W2898861787 hasConceptScore W2898861787C172123218 @default.
- W2898861787 hasConceptScore W2898861787C18762648 @default.
- W2898861787 hasConceptScore W2898861787C199360897 @default.
- W2898861787 hasConceptScore W2898861787C204983608 @default.
- W2898861787 hasConceptScore W2898861787C25343380 @default.
- W2898861787 hasConceptScore W2898861787C2777388388 @default.
- W2898861787 hasConceptScore W2898861787C2778012447 @default.
- W2898861787 hasConceptScore W2898861787C2780023022 @default.
- W2898861787 hasConceptScore W2898861787C41008148 @default.
- W2898861787 hasConceptScore W2898861787C77088390 @default.
- W2898861787 hasConceptScore W2898861787C78519656 @default.
- W2898861787 hasLocation W28988617871 @default.
- W2898861787 hasOpenAccess W2898861787 @default.
- W2898861787 hasPrimaryLocation W28988617871 @default.
- W2898861787 hasRelatedWork W1483096011 @default.
- W2898861787 hasRelatedWork W1499260866 @default.
- W2898861787 hasRelatedWork W1575097047 @default.
- W2898861787 hasRelatedWork W1587564425 @default.
- W2898861787 hasRelatedWork W2033463107 @default.
- W2898861787 hasRelatedWork W2034445305 @default.
- W2898861787 hasRelatedWork W2121295845 @default.
- W2898861787 hasRelatedWork W2148991914 @default.
- W2898861787 hasRelatedWork W2314186811 @default.
- W2898861787 hasRelatedWork W2565409748 @default.
- W2898861787 hasRelatedWork W2726803773 @default.
- W2898861787 hasRelatedWork W2765450965 @default.
- W2898861787 hasRelatedWork W3041467987 @default.
- W2898861787 hasRelatedWork W3119539631 @default.
- W2898861787 hasRelatedWork W3123256035 @default.
- W2898861787 hasRelatedWork W3125624165 @default.
- W2898861787 hasRelatedWork W3197450170 @default.
- W2898861787 hasRelatedWork W327057728 @default.
- W2898861787 hasRelatedWork W180875718 @default.
- W2898861787 hasRelatedWork W2186809830 @default.
- W2898861787 isParatext "false" @default.
- W2898861787 isRetracted "false" @default.
- W2898861787 magId "2898861787" @default.
- W2898861787 workType "article" @default.