Neutralizing tendency of wages to grow below productivity rate
نویسندگان
چکیده
منابع مشابه
Wages and Productivity Growth
We describe the evolution of productivity growth in a competitive industry with free entry and exit. The exogenous wage rate determines the firms’ engagement in labor productivity enhancing process innovation. There is a unique steady state of the industry dynamics, which is globally asymptotically stable. In the steady state, the number of active firms, their unit labor cost and supply depend ...
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The current demographic developments and their consequences for workforce ageing challenge the sustainability of intergenerational transfers and economic growth. A shrinking share of the young workforce will have to support a growing share of elderly, non-working people. Therefore, the productivity of the workforce is central to a sustainable economic future. In order to study the relation betw...
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ژورنال
عنوان ژورنال: Revista de Economia Política
سال: 2012
ISSN: 0101-3157
DOI: 10.1590/s0101-31572012000200001