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International Unit Labour Cost Position Improved in 2006

Author

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  • Alois Guger

    (WIFO)

  • Thomas Leoni

Abstract

Austria ranks 11th in the international hierarchy of labour costs. The worker's hour is most expensive in Norway, Belgium, Switzerland, Sweden and Germany. In 2006, an hour of work in the Austrian manufacturing sector cost 29.15 €. Due to low productivity growth and the appreciation of the euro, Austria's unit labour cost position deteriorated relative to the average of trading partners between 2003 and 2005 after a marked improvement in the latter half of the 1990s. In 2006 it improved again by almost 2 percent.

Suggested Citation

  • Alois Guger & Thomas Leoni, 2007. "International Unit Labour Cost Position Improved in 2006," Austrian Economic Quarterly, WIFO, vol. 12(4), pages 189-198, December.
    • Handle: RePEc:wfo:wquart:y:2007:i:4:p:189-198
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    Cited by:

    1. Josef Baumgartner & Serguei Kaniovski & Hans Pitlik & Margit Schratzenstaller & Thomas Url, 2011. "Exports Drive Growth – Domestic Demand Remains Subdued. Medium-term Projections for the Austrian Economy until 2015," Austrian Economic Quarterly, WIFO, vol. 16(1), pages 21-34, March.
    2. Josef Baumgartner & Serguei Kaniovski & Ewald Walterskirchen, 2009. "Repercussions of Financial Market Crisis Weighing on Medium-Term Growth. Projections for the Austrian Economy until 2013," Austrian Economic Quarterly, WIFO, vol. 14(1), pages 11-22, March.

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