Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/21289 
Year of Publication: 
2002
Series/Report no.: 
IZA Discussion Papers No. 597
Publisher: 
Institute for the Study of Labor (IZA), Bonn
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

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