Employment and productivity in the european union and comparison with the usa, 1985-2005analysis of france, germany, italy, spain and the united kingdom
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Universidade de Santiago de Compostela
info
ISSN: 1578-4487
Datum der Publikation: 2006
Ausgabe: 6
Nummer: 3
Seiten: 55-61
Art: Artikel
Andere Publikationen in: Applied econometrics and international development
Zusammenfassung
The main emphasis of labour policies in several EU countries seem to have been addressed during the period 1985-2005 to contain the increases of real wages, under the misleading belief that lower wages could lead the policies to get higher employment rates. We show that the main policies to increase employment rates are not opposite to the increase of wages, and even the best labour policies, addressed to increase simultaneously labour productivity and employment, usually get both goals, as to say an increase in real wages and in the employment rate. We also analyse the main econometric approaches to the explanation of the evolution of these variables and present a comparison of their evolution in France, Germany, Italy, Spain and the United Kingdom
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