Wages and productivity: the role of labour market institutions in OECD countries |
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| Authors: | Juan Carlos Duque Raúl Ramos Jordi Suriñach |
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| Institution: | (1) Department of Geography, Regional Analysis Laboratory (REGAL), San Diego State University, 5500 Campanile Drive, San Diego, CA 92182-4493, USA;(2) Department of Econometrics, Statistics and Spanish Economy, Grup d’Anàlisi Quantitativa Regional, Universitat de Barcelona, Avda. Diagonal, 690, 08034 Barcelona, Spain |
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| Abstract: | In the context of a monetary union, to keep a territorial equilibrium in terms of economic activity and employment, the relationship between real wages and productivity is crucial. In this paper, empirical evidence about the response of wages to productivity is obtained for 20 OECD countries and the role of labour market institutions to explain differences in this response is analysed. |
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| Keywords: | Wages Productivity Labour Market Institutions Monetary Union |
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