Measuring the comprehensive wage effect of changes in unit labor cost
نویسندگان
چکیده
منابع مشابه
Measuring the comprehensive wage effect of changes in unit labor cost
Unit labor cost (ULC) is defined as labor compensation per value added. It captures the cost competitiveness of industries and countries. As labor compensation is wage multiplied by hours worked or number of people employed, it is easy to show that ULC is wage divided by labor productivity. Thus, changes in ULC are often discussed in the context of wage increases and labor productivity. However...
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ژورنال
عنوان ژورنال: Journal of Economic Structures
سال: 2015
ISSN: 2193-2409
DOI: 10.1186/s40008-015-0017-4