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


  • Stefan Ederer


  • Werner Hölzl



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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    References listed on IDEAS

    1. repec:hrv:faseco:33077889 is not listed on IDEAS
    2. Andrei Shleifer, 1998. "State versus Private Ownership," Journal of Economic Perspectives, American Economic Association, vol. 12(4), pages 133-150, Fall.
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    4. Megginson, William Leon, 2005. "The Financial Economics of Privatization," OUP Catalogue, Oxford University Press, number 9780195150629, June.
    5. Lars Jonung & Jaakko Kiander & Pentti Vartia, 2008. "The great financial crisis in Finland and Sweden - The dynamics of boom, bust and recovery, 1985-2000," European Economy - Economic Papers 2008 - 2015 350, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    6. Kay, J A & Thompson, D J, 1986. "Privatisation: A Policy in Search of a Rationale," Economic Journal, Royal Economic Society, vol. 96(381), pages 18-32, March.
    7. Patrick W. Schmitz, 2000. "Partial Privatization and Incomplete Contracts: The Proper Scope of Government Reconsidered," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 57(4), pages 394-411, August.
    8. repec:hrv:faseco:30727607 is not listed on IDEAS
    9. Andrei Shleifer & Robert W. Vishny, 1994. "Politicians and Firms," The Quarterly Journal of Economics, Oxford University Press, vol. 109(4), pages 995-1025.
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