Employment Fluctuations and Dynamics of the Aggregate Average Wage in Poland 1996-2003
AbstractThe aggregate average wage is often used as an indicator of economic performance and welfare, and as such often serves as a benchmark for changes in the generosity of public transfers and for wage negotiations. Yet if economies experience a high degree of (nonrandom) fluctuation in employment the composition of the employed population will have a considerable effect on the computed average. In this paper we demonstrate the extent of this problem using data for Poland for the period 1996-2003. During these years employment in Poland fell from 51.2% to 44.2% and most of it occurred between the end of 1998 and the end of 2002. We show that about a quarter of the growth in the average wage during this period could be attributed purely to changes in employment.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 2456.
Length: 24 pages
Date of creation: Nov 2006
Date of revision:
Publication status: published in: Economics of Transition, 2007, 15(4), 759-799
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Other versions of this item:
- Michal Myck & Leszek Morawski & Jerzy Mycielski, 2007. "Employment fluctuations and dynamics of the aggregate average wage in Poland, 1996-2003," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 15, pages 759-779, October.
- Michal Myck & Leszek Morawski & Jerzy Mycielski, 2006. "Employment Fluctuations and Dynamics of the Aggregate Average Wage in Poland 1996 - 2003," Discussion Papers of DIW Berlin 545, DIW Berlin, German Institute for Economic Research.
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-12-09 (All new papers)
- NEP-LAB-2006-12-09 (Labour Economics)
- NEP-MAC-2006-12-09 (Macroeconomics)
- NEP-TRA-2006-12-09 (Transition Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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