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Title:Disentangling Pay and Productivity in a Corporatist Economy: The Case of Germany PDF Logo
Authors:Fuess, Jr. Scott M.
Millea, Meghan
Issue Date:2002
Series/Report no.:IZA Discussion paper series 597
Abstract:Conventional theory predicts that productivity gains lead to pay hikes. Pay increases, however, can influence labor productivity. But what about in a corporatist economy? Focusing on Germany, we use an innovative technique developed by Geweke to disentangle the relationship between pay and productivity.
Subjects:labor contracts
efficiency wages
corporatism
JEL:J41
J30
J50
C22
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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