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Labor Productivity And Wages In The Republic Of Macedonia

Author

Listed:
  • Assist. Ph.D Student Predrag Trpeski

    (University “Ss Cyril and Methodius” Faculty of Economics Skopje, Republic of Macedonia)

  • Junior Teaching Assist. Biljana Tashevska

    (University “Ss Cyril and Methodius” Faculty of Economics Skopje, Republic of Macedonia)

Abstract

The relationship between wage and labor productivity is very frequent and receives a special treatment in economic theory and practice. The purpose of this paper is to explore the relationship and interdependence between net-wage and labor productivity in the Republic of Macedonia during the period 1995-2007. The objects of analysis are the relations between the two variables on aggregate level of the Macedonian economy, as well as for certain economic sectors separately (industry, mining and water management; agriculture, fishing and forestry; construction; transport and communications; trade and financial services). Based on the results from the performed analysis, the paper reveals how and to what extent changes in real net-wage influence the changes in labor productivity in Macedonia, on aggregate level and in the observed sectors.

Suggested Citation

  • Assist. Ph.D Student Predrag Trpeski & Junior Teaching Assist. Biljana Tashevska, 2009. "Labor Productivity And Wages In The Republic Of Macedonia," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(13), pages 103-111, NOVEMBER.
    • Handle: RePEc:aio:rteyej:v:1:y:2009:i:13:p:103-111
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    References listed on IDEAS

    as
    1. Lawrence F. Katz, 1986. "Efficiency Wage Theories: A Partial Evaluation," NBER Chapters, in: NBER Macroeconomics Annual 1986, Volume 1, pages 235-290, National Bureau of Economic Research, Inc.
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    More about this item

    Keywords

    real wage; GDP per worker; labor productivity; OLS regression; correlation.;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J39 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Other

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