Wages and Productivity: the Role of Labour Market Institutions in Oecd Countries*
نویسندگان
چکیده
In the context of a monetary union, to keep a territorial equilibrium in terms of economic activity and employment, the relationship between real wages and productivity is crucial. In this paper, empirical evidence about the response of wages to productivity is obtained for 20 OECD countries and the role of labour market institutions to explain differences in this response is analysed.
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