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International Unit Labour Cost Position Slightly Improved in 2008

Author

Listed:
  • Werner Hölzl

    (WIFO)

  • Thomas Leoni

    (WIFO)

  • Christine Zulehner

    (WIFO)

Abstract

In 2008, Austria ranked ninth in the international labour cost hierarchy. Labour was most expensive in Norway, Belgium, Switzerland and Sweden. As the Austrian economy was less affected by the global economic crisis than the economies of its trading partners, Austria's labour productivity and international unit labour cost position improved in 2008. A decline is expected in 2009.

Suggested Citation

  • Werner Hölzl & Thomas Leoni & Christine Zulehner, 2009. "International Unit Labour Cost Position Slightly Improved in 2008," Austrian Economic Quarterly, WIFO, vol. 14(4), pages 193-204, November.
  • Handle: RePEc:wfo:wquart:y:2009:i:4:p:193-204
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    Keywords

    Unit Labour Cost; manufacturing cost; Austria;

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