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http://hdl.handle.net/10419/1023
  
Title:Labor productivities and labor costs in Euroland PDF Logo
Authors:Siebert, Horst
Issue Date:1998
Series/Report no.:Kiel Working Papers 866
Abstract:The paper presents labor productivities in the member countries of Euroland. The result is that there is quite a divergence in labor productivities (per head) in the European Monetary Union. The Netherlands and Italy reach 85 percent of the West German level, Spain 62 and Portugal 35. This implies that labor costs have to be differentiated substantially between the euro countries. Labor costs relative to the West German level are also calculated. The paper analyzes the implication of diverging labor productivities for wage policy and for the financing of the social security systems in the European Monetary Union.
JEL:J24
H55
F15
F36
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

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