Do Wages Follow Productivity? Evidence from European Countries
References
- Arellano, M. (1987). Practitioners’ Corner: Computing Robust Standard Errors for Within- groupsEstimators. In Oxford Bulletin of Economics and Statistics (Vol. 49, Issue 4, pp. 431–434). Wiley. https://doi.org/10.1111/j.1468-0084.1987.mp49004006.x
- Baumol, W. J. (1967). Macroeconomics of Unbalanced Growth: The Anatomy of Urban Crisis. In The American Economic Review. 57 (3): pp. 415–426.
- Clark, J. (1908). The Distribution of Wealth: A Theory of Wages, Interest and Profits. New York: The Macmillan Company.
- Compagnucci, F., Gentili, A., Valentini, E., & Gallegati, M. (2021). Have jobs and wages stopped rising? Productivity and structural change in advanced countries. In Structural Change and Economic Dynamics (Vol. 56, pp. 412–430). Elsevier BV. https://doi.org/10.1016/j.strueco.2018.07.003
- Feldstein, M. (2008). Did Wages Reflect Growth in Productivity? National Bureau of Economic Research. https://doi.org/10.3386/w13953
- Haley, J. (1990). Theoretical Foundations for Sticky Wages. In Journal of Economic Surveys (Vol. 4, Issue 2, pp. 115–155). Wiley. https://doi.org/10.1111/j.1467-6419.1990.tb00083.x
- Honohan, P. (2021). Is Ireland really the most prosperous country in Europe? In Economic Letter (Vol. 1, No 1), Central Bank of Ireland.
- Kügler, A., Schönberg, U. & Schreiner, R. (2018). Productivity Growth, Wage Growth and Unions. In Proceedings of ECB Forum on Central Banking, June 20th 2018,. (pp. 215-247). ECB: Sintra, Portugal.
- Manning, A. (2021). Monopsony in labor markets: A review. In ILR Review (Vol. 74 (1), pp. 3-26), https://doi.org/10.1177/0019793920922499
- Meager, N., & Speckesser, S. (2011). Wages, productivity and employment: A review of theory and international data. European Employment Observatory. [Thematic expert ad-hoc paper].
- OECD (2010), Aggregate National Accounts: Gross domestic product, OECD National Accounts Statistics (database), http://dx.doi.org/10.1787/data-00001-en.
- Paternesi Meloni, W., & Stirati, A. (2022). The decoupling between labour compensation and productivity in high- income countries: Why is the nexus broken? In British Journal of Industrial Relations (Vol. 61, Issue 2, pp. 425–463). Wiley. https://doi.org/10.1111/bjir.12713
- Penchev, P. (2022). Product Development – Agile Approaches for the Enterprise. In Proceedings of University of Ruse - 2022 (Vol. 61, book 5.1, pp. 121-126)
- Ricardo, D. (1821). On the Principles of Political Economy and Taxation. Accessible online: https://www.econlib.org/library/Ricardo/ricP.html
- Shapiro, C. & Stiglitz, J.E. (1984). Equilibrium unemployment as a worker discipline device. In American Economic Review( Vol. 74 (3), pp. 433-444). https://www.jstor.org/stable/1804018
- Schröder, J. (2020). Decoupling of labour productivity growth from median wage growth in Central and Eastern Europe. The Vienna Institute for International Economic Studies (wiiw). wiiw Research Report, No. 448,
- Smith, A. (1904). An Inquiry into the Nature and Causes of the Wealth of Nations. Accessible online: https://www.econlib.org/library/Smith/smWN.html
DOI: https://doi.org/10.2478/picbe-2024-0011 | Journal eISSN: 2558-9652
Language: English
Page range: 130 - 141
Published on: Jul 3, 2024
Published by: Bucharest University of Economic Studies
In partnership with: Paradigm Publishing Services
Publication frequency: 1 times per year
Related subjects:
© 2024 Aleksandar Kosuliev, published by Bucharest University of Economic Studies
This work is licensed under the Creative Commons Attribution 4.0 License.