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Austria's Unit Labour Cost Position Improved in 2010 Due to the Recovering Economy

Author

Listed:
  • Stefan Ederer

    (WIFO)

  • Werner Hölzl

    (WIFO)

Abstract

Austria's unit labour cost position improved thanks to the recovering economy and the related increase in productivity. Per-capita labour costs increased only slightly in manufacturing, while labour productivity per employee saw a greater rise. In general, unit labour costs in Austrian manufacturing developed slightly less favourably than among the EU trading partners and Germany. A look at the developments during the past five to ten years provides deeper insights due to business cycle-related temporary effects.

Suggested Citation

  • Stefan Ederer & Werner Hölzl, 2011. "Austria's Unit Labour Cost Position Improved in 2010 Due to the Recovering Economy," Austrian Economic Quarterly, WIFO, vol. 16(4), pages 206-217, November.
  • Handle: RePEc:wfo:wquart:y:2011:i:4:p:206-217
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    Keywords

    Unit Labour Cost;

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