Employment Fluctuations and Dynamics of the Aggregate Average Wage in Poland 1996 - 2003
Michal Myck (),
Leszek Morawski () and
Jerzy Mycielski ()
No 545, Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research
The aggregate average wage is often used as an indicator of economic performance and welfare, and as such often serves as a benchmark for changes in the generosity of public transfers and for wage negotiations. Yet if economies experience a high degree of (nonrandom) fluctuation in employment the composition of the employed population will have a considerable effect on the computed average. In this paper we demonstrate the extent of this problem using data for Poland for the period 1996-2003. During these years unemployment in Poland almost doubled. We show that about a quarter of the growth in the average wage during this period could be contributed purely to changes in employment.
Keywords: Aggregate wage; Employment dynamics; Poland (search for similar items in EconPapers)
JEL-codes: E24 J21 J31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-lab and nep-tra
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Journal Article: Employment fluctuations and dynamics of the aggregate average wage in Poland, 1996-2003 (2007)
Working Paper: Employment Fluctuations and Dynamics of the Aggregate Average Wage in Poland 1996-2003 (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:diw:diwwpp:dp545
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