Ist Lohnzurückhaltung gut oder schlecht für das Schweizer Wirtschaftswachstum?

Jochen Hartwig

KOF Analysen, 2013, vol. 7, issue 2, 33-45

Abstract: I investigate whether demand growth and productivity growth in Switzerland have benefitted from the wage moderation that set in at the beginning of the 1990s in this country. The results suggest that the Swiss demand regime is profit-led while the productivity regime is wageled. This means on the one hand that wage moderation has added almost one percentage point to GDP growth after 1990. On the other hand, it has also contributed to the drop in productivity growth. The latter effect, however, is weak.

Keywords: Distribution; demand growth; productivity growth; Bhaduri-Marglin model; Switzerland (search for similar items in EconPapers)
JEL-codes: E12 E20 O30 O40 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://dx.doi.org/10.3929/ethz-a-005427569 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kof:anskof:v:7:y:2013:i:2:p:33-45

Access Statistics for this article

More articles in KOF Analysen from KOF Swiss Economic Institute, ETH Zurich Contact information at EDIRC.
Bibliographic data for series maintained by ().