Localized Technological Change and Efficiency Wages across European Regional Labour Markets

Cristiano Antonelli and Francesco Quatraro

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Abstract: Localized technological change and efficiency wages across European regional labour markets, Regional Studies. Internal labour markets and industrial relations in Continental Europe are characterized by substantial rigidity of employed labour engendered by the tight conditions of regional labour markets. This rigidity affects both the rate and the direction of technological change. The increase of wages induces the localized introduction of biased technological change with clear effects on productivity levels. The empirical evidence across a sample of European regions confirms the significant role of the changes in wages both on the increase of the output elasticity of labour and on multifactor productivity.

Keywords: Induced approaches; Localized technological change; Efficiency wages; Multifactor productivity growth; Regional labour markets (search for similar items in EconPapers)
Date: 2013-12-02
New Economics Papers: this item is included in nep-cse, nep-eec, nep-eff, nep-geo, nep-tid and nep-ure
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00727608
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Published in Regional Studies, 2013, 47 (10), pp.1686-1700. ⟨10.1080/00343404.2012.690068⟩

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Journal Article: Localized Technological Change and Efficiency Wages across European Regional Labour Markets (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00727608

DOI: 10.1080/00343404.2012.690068

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