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International Unit Labour Cost Position Improved in 2004

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Author Info
Alois Guger (WIFO)

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Abstract

In the international hierarchy of labour costs Austria ranked ninth in 2004. Hourly labour costs were most expensive in Denmark, Norway and Germany. In 2004 one hour of blue-collar labour in Austrian manufacturing cost 20.80 €, hence 2.25 percent less than the average paid in the EU. With exchange-rates stabilised, lower wage inflation and high productivity growth, the relative unit labour cost position of Austrian manufacturing has improved by approximately 20 percent since the mid-1990s. In 2004 unit labour costs decreased by 3.5 percent; Austria also gained ground over its trading partners.

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Publisher Info
Article provided by WIFO in its journal Quarterly.

Volume (Year): 11 (2006)
Issue (Month): 1 (February)
Pages: 40-48
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Handle: RePEc:wfo:wquart:y:2006:i:1:p:40-48

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This page was last updated on 2009-12-8.

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