Disentangling Pay and Productivity in a Corporatist Economy: The Case of Germany

Scott Fuess and Meghan Millea ()
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Meghan Millea: Mississippi State University

No 597, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Conventional theory predicts that productivity gains lead to pay hikes. Pay increases, however, can influence labor productivity. But what about in a corporatist economy? Focusing on Germany, we use an innovative technique developed by Geweke to disentangle the relationship between pay and productivity.

Keywords: labor contracts; efficiency wages; corporatism (search for similar items in EconPapers)
JEL-codes: C22 J30 J41 J50 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2002-10
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Published - revised version published in: Journal of Labor Research, 2006, 27(3), 397-409

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