Ist Lohnzurückhaltung gut oder schlecht für das Schweizer Wirtschaftswachstum?
AbstractI investigate whether demand growth and productivity growth in Switzerland have benefitted from the wage moderation that set in at the beginning of the 1990s in this country. The results suggest that the Swiss demand regime is profit-led while the productivity regime is wageled. This means on the one hand that wage moderation has added almost one percentage point to GDP growth after 1990. On the other hand, it has also contributed to the drop in productivity growth. The latter effect, however, is weak.
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Bibliographic InfoArticle provided by KOF Swiss Economic Institute, ETH Zurich in its journal KOF Analysen.
Volume (Year): 7 (2013)
Issue (Month): 2 (June)
Distribution; demand growth; productivity growth; Bhaduri-Marglin model; Switzerland;
Find related papers by JEL classification:
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
- E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
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