Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/80848
Authors: 
Hartwig, Jochen
Year of Publication: 
2012
Series/Report no.: 
KOF Working Papers, KOF Swiss Economic Institute, ETH Zurich 323
Abstract: 
I investigate whether demand growth and productivity growth in Switzerland have benefitted from the wage moderation that set in at the beginning of the 1990s in this country. The results suggest that the Swiss demand regime is profit-led while the productivity regime is wage-led. This means on the one hand that wage moderation has added almost one percentage point to GDP growth after 1990. On the other hand, it has also contributed to the drop in productivity growth. The latter effect, however, is weak.
Subjects: 
Distribution
demand growth
productivity growth
Bhaduri-Marglin model
Switzerland
JEL: 
E12
E20
O30
O40
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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