Productivity and labor costs in the OECD countries - elements of comparing analysis
Magdalena Knapińska , Edyta Małecka-Ziembińska
AbstractThe aim of this study is to present, analyze and assess the level and relations of labor costs and productivity in the OECD countries. The analyses of labor markets in European Union states or in the OECD countries show that these markets are characterized by very similar measures regarding the levels of professional activity, unemployment rate and efficiency of labor market policy programs. However, the difference in the level of wages still remains high. Among the reasons for this phenomenon we can indicate the levels of labor costs and productivity, which determine the levels of wages in particular member states. The thesis stated in the study is that the maintained differences in wages in the OECD countries may be explained by differences in the levels and relations of labor costs and productivity, which are discussed in detail in the study. In the first and in the second part of the elaboration the analysis of productivity was carried out including definition of this subject and special empirical data showing measurement of productivity. In the third part we presented labor costs and tax wedge in the same period of time. The hierarchical clustering algorithm allowed to distinguish many groups of countries with different degree of similarity in terms of compared variables. Finally, the fourth part is devoted to a statistical analysis using measures such as the correlation coefficient between presented variables.
|Journal series||Business & Management Review, ISSN 2047-2854, e-ISSN 2047-2862, (0 pkt)|
|Publication size in sheets||0.5|
|Conference||5th International conference on Business & Economic Development (ICEBD 2016), 04-04-2016 - 05-04-2016, New York, Stany Zjednoczone|
|Keywords in English||economics, labor market, finance, costs of labor, tax wedge|
|Score|| = 0.0, 17-12-2019, ArticleFromJournal|
= 5.0, 17-12-2019, ArticleFromJournal
|Citation count*||2 (2021-06-06)|
* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.