Global and European Labor Costs

Filip Abraham ()
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Filip Abraham: K.U.Leuven, C.E.S., International Economics

International Economics Working Papers Series from Katholieke Universiteit Leuven, Centrum voor Economische Studiën, International Economics

Abstract: Multinational companies and national governments pay considerable attention to labor costs and labor productivity differentials across countries. This paper analyzes total and unit labor differentials for a group of European and non-European countries in the 1960-1998 period. It deals with (i) the magnitude of total labor cost differences, (ii) the developments in unit labor costs and labor productivity and (iii) the convergence process between countries with higher and lower labor costs.

Keywords: Labor costs; EMU; multinationals; productivity (search for similar items in EconPapers)
Pages: 41 pages
New Economics Papers: this item is included in nep-eec and nep-ifn
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