Wage-productivity gap in OECD economies
Author
Abstract
Suggested Citation
DOI: 10.5018/economics-ejournal.ja.2013-21
Download full text from publisher
Other versions of this item:
- Elgin, Ceyhun & Kuzubas, Tolga Umut, 2013. "Wage-productivity gap in OECD economies," Economics Discussion Papers 2013-18, Kiel Institute for the World Economy (IfW Kiel).
References listed on IDEAS
- Pierre Cahuc & Fabien Postel-Vinay & Jean-Marc Robin, 2006.
"Wage Bargaining with On-the-Job Search: Theory and Evidence,"
Econometrica, Econometric Society, vol. 74(2), pages 323-364, March.
- Cahuc, Pierre & Robin, Jean-Marc & Postel-Vinay, Fabien, 2003. "Wage Bargaining with On-The-Job Search: Theory and Evidence," CEPR Discussion Papers 4154, C.E.P.R. Discussion Papers.
- Pierre Cahuc & Fabien Postel-Vinay & Jean-Marc Robin, 2006. "Wage Bargaining with On-the-Job Search: Theory and Evidence," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00176090, HAL.
- Pierre Cahuc & Fabien Postel-Vinay & Jean-Marc Robin, 2006. "Wage bargaining with on-the-job search: theory and evidence," Post-Print hal-02658450, HAL.
- Pierre Cahuc & Fabien Postel-Vinay & Jean-Marc Robin, 2006. "Wage bargaining with on-the-job search: theory and evidence," Post-Print hal-03471856, HAL.
- Pierre Cahuc & Fabien Postel-Vinay & Jean-Marc Robin, 2006. "Wage bargaining with on-the-job search: theory and evidence," SciencePo Working papers Main hal-03471856, HAL.
- Pierre Cahuc & Fabien Postel-Vinay & Jean-Marc Robin, 2003. "Wage bargaining with on-the-job search : theory and evidence," Research Unit Working Papers 0212, Laboratoire d'Economie Appliquee, INRA.
- Pierre Cahuc & Fabien Postel-Vinay & Jean-Marc Robin, 2006. "Wage bargaining with on-the-job search: Theory and evidence," Post-Print halshs-00754171, HAL.
- Pierre Cahuc & Fabien Postel-Vinay & Jean-Marc Robin, 2006. "Wage Bargaining with On-the-Job Search: Theory and Evidence," Post-Print hal-00176090, HAL.
- Olivier Blanchard & Jordi Galí, 2010.
"Labor Markets and Monetary Policy: A New Keynesian Model with Unemployment,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 2(2), pages 1-30, April.
- Olivier Blanchard & Jordi Galí, 2006. "Labor markets and monetary policy: A new-Keynesian model with unemployement," Economics Working Papers 1076, Department of Economics and Business, Universitat Pompeu Fabra, revised Mar 2008.
- Blanchard, Olivier & GalÃ, Jordi, 2008. "Labour Markets and Monetary Policy: A New Keynesian Model with Unemployment," CEPR Discussion Papers 6765, C.E.P.R. Discussion Papers.
- Olivier Blanchard & Jordi Gali, 2008. "Labor Markets and Monetary Policy: A New-Keynesian Model with Unemployment," NBER Working Papers 13897, National Bureau of Economic Research, Inc.
- Arellano, Manuel & Bover, Olympia, 1995.
"Another look at the instrumental variable estimation of error-components models,"
Journal of Econometrics, Elsevier, vol. 68(1), pages 29-51, July.
- M Arellano & O Bover, 1990. "Another Look at the Instrumental Variable Estimation of Error-Components Models," CEP Discussion Papers dp0007, Centre for Economic Performance, LSE.
- Ceyhun ELGİN & Tolga Umut KUZUBAŞ, 2012.
"Wage-Productivity Gap in Turkish Manufacturing Sector,"
Iktisat Isletme ve Finans, Bilgesel Yayincilik, vol. 27(316), pages 09-31.
- Ceyhun Elgin & Tolga Umut Kuzubas, 2012. "Wage-Productivity Gap in Turkish Manufacturing Sector," Working Papers 2012/03, Bogazici University, Department of Economics.
- Galí, Jordi, 2010.
"Monetary Policy and Unemployment,"
Handbook of Monetary Economics, in: Benjamin M. Friedman & Michael Woodford (ed.), Handbook of Monetary Economics, edition 1, volume 3, chapter 10, pages 487-546,
Elsevier.
- Jordi Galí, 2009. "Monetary policy and unemployment," Economics Working Papers 1198, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 2010.
- Jordi Galí, 2010. "Monetary Policy and Unemployment," NBER Working Papers 15871, National Bureau of Economic Research, Inc.
- Jordi Galí, 2010. "Monetary Policy and Unemployment," Working Papers 435, Barcelona School of Economics.
- GalÃ, Jordi, 2010. "Monetary Policy and Unemployment," CEPR Discussion Papers 7771, C.E.P.R. Discussion Papers.
- Stephen Nickell & Luca Nunziata & Wolfgang Ochel, 2005. "Unemployment in the OECD Since the 1960s. What Do We Know?," Economic Journal, Royal Economic Society, vol. 115(500), pages 1-27, January.
- M. Hashem Pesaran, 2007.
"A simple panel unit root test in the presence of cross-section dependence,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(2), pages 265-312.
- Pesaran, M.H., 2003. "A Simple Panel Unit Root Test in the Presence of Cross Section Dependence," Cambridge Working Papers in Economics 0346, Faculty of Economics, University of Cambridge.
- Joakim Westerlund, 2007.
"Testing for Error Correction in Panel Data,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 69(6), pages 709-748, December.
- Westerlund, Joakim, 2005. "Testing for Error Correction in Panel Data," Working Papers 2005:11, Lund University, Department of Economics.
- Westerlund, J., 2006. "Testing for error correction in panel data," Research Memorandum 056, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Persky, Joseph & Tsang, Herbert, 1974. "Pigouvian Exploitation of Labor," The Review of Economics and Statistics, MIT Press, vol. 56(1), pages 52-57, February.
- Holtz-Eakin, Douglas & Newey, Whitney & Rosen, Harvey S, 1988.
"Estimating Vector Autoregressions with Panel Data,"
Econometrica, Econometric Society, vol. 56(6), pages 1371-1395, November.
- Tom Doan, "undated". "RATS program to demonstrate IV estimation of VAR in panel data," Statistical Software Components RTZ00185, Boston College Department of Economics.
- Love, Inessa & Zicchino, Lea, 2006. "Financial development and dynamic investment behavior: Evidence from panel VAR," The Quarterly Review of Economics and Finance, Elsevier, vol. 46(2), pages 190-210, May.
- Robert Shimer, 2005. "The Cyclical Behavior of Equilibrium Unemployment and Vacancies," American Economic Review, American Economic Association, vol. 95(1), pages 25-49, March.
- L. Vanessa Smith & Stephen Leybourne & Tae-Hwan Kim & Paul Newbold, 2004. "More powerful panel data unit root tests with an application to mean reversion in real exchange rates," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 19(2), pages 147-170.
- repec:hal:spmain:info:hdl:2441/dc0ckec3fcb29ms9850c12h1p is not listed on IDEAS
- Antonia López‐Villavicencio & José Ignacio Silva, 2011. "Employment Protection And The Non‐Linear Relationship Between The Wage‐Productivity Gap And Unemployment," Scottish Journal of Political Economy, Scottish Economic Society, vol. 58(2), pages 200-220, May.
- Burdett, Kenneth & Mortensen, Dale T, 1998. "Wage Differentials, Employer Size, and Unemployment," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(2), pages 257-273, May.
- Christopher A. Pissarides, 2000. "Equilibrium Unemployment Theory, 2nd Edition," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262161877, April.
- Gordon, Robert J, 1995.
"Is There a Trade-off between Unemployment and Productivity Growth?,"
CEPR Discussion Papers
1159, C.E.P.R. Discussion Papers.
- Robert J. Gordon, 1995. "Is There a Tradeoff between Unemployment and Productivity Growth?," NBER Working Papers 5081, National Bureau of Economic Research, Inc.
- Madsen, Jakob Brochner, 1994. "The Real Wage Gap and Unemployment in the OECD," Australian Economic Papers, Wiley Blackwell, vol. 33(62), pages 96-106, June.
- Giovanni Sulis, 2008.
"Wage Dispersion and Equilibrium Search Models: Some Evidence from Italy,"
LABOUR, CEIS, vol. 22(4), pages 593-627, December.
- G. Sulis, 2004. "Wage Dispersion and Equilibrium Search. Models: Some Evidence from Italy," Working Paper CRENoS 200402, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
- Junankar, Pramod N. (Raja) & Madsen, Jakob B., 2004. "Unemployment in the OECD: Models and Mysteries," IZA Discussion Papers 1168, Institute of Labor Economics (IZA).
- Pascalau, Razvan, 2007. "Productivity Shocks, Unemployment Persistence, and the Adjustment of Real Wages in OECD Countries," MPRA Paper 7222, University Library of Munich, Germany.
- Robert E. Hall, 2005. "Employment Fluctuations with Equilibrium Wage Stickiness," American Economic Review, American Economic Association, vol. 95(1), pages 50-65, March.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Samuel O. Okafor & Kenneth Jegbefumwen & Olisaemeka D. Maduka & Ambrose C. Okeke, 2016. "A Three-Factor Model of Inclusive, Sustainable and Resilient Economic Development for Developing Countries," Applied Economics and Finance, Redfame publishing, vol. 3(4), pages 57-72, November.
- Chen, W.D., 2018. "Upward wage rigidity and Japan's dispatched worker system," Economic Modelling, Elsevier, vol. 73(C), pages 152-162.
- Thomas Ziesemer, 2023.
"Labour-augmenting technical change data for alternative elasticities of substitution: growth, slowdown, and distribution dynamics,"
Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 32(4), pages 449-475, May.
- Ziesemer, Thomas, 2021. "Labour-augmenting technical change data for alternative elasticities of substitution, growth, slowdown, and distribution dynamics," MERIT Working Papers 2021-003, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
- Gomez, Francisco & Mac-Auliffe, Raimundo & Rosselot, Santiago, 2014. "Brecha Productividad – Salario: Un Acercamiento Por Rama," Estudios Nueva Economía, Estudios Nueva Economía, vol. 3(1), pages 44-49.
- Jiménez Polanco, Miguel Alejandro & López Hawa, Nabil, 2017. "Explicando la brecha entre el salario real y la productividad laboral en la República Dominicana: Análisis macroeconómico y recomendaciones de políticas basadas en microsimulaciones [Explaining the," MPRA Paper 83441, University Library of Munich, Germany.
- Tristan Auvray & Cédric Durand & Joel Rabinovich & Cecilia Rikap, 2021.
"Corporate financialization’s conservation and transformation: from Mark I to Mark II,"
Review of Evolutionary Political Economy, Springer, vol. 2(3), pages 431-457, December.
- Tristan Auvray & Cédric Durand & Joel Rabinovich & Cecilia Rikap, 2021. "Corporate financialization’s conservation and transformation: from Mark I to Mark II," Post-Print hal-03395520, HAL.
- Luis A. Gil-Alana & Marinko Skare, 2018. "Testing the great decoupling: a long memory approach," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 45(4), pages 801-820, November.
- Tristan Auvray & Cédric Durand & Joel Rabinovich & Cecilia Rikap, 2020. "Financialization's conservation and transformation: from Mark I to Mark II," CEPN Working Papers hal-03079425, HAL.
- Ceyhun ELGİN & Tolga Umut KUZUBAŞ, 2012.
"Wage-Productivity Gap in Turkish Manufacturing Sector,"
Iktisat Isletme ve Finans, Bilgesel Yayincilik, vol. 27(316), pages 09-31.
- Ceyhun Elgin & Tolga Umut Kuzubas, 2012. "Wage-Productivity Gap in Turkish Manufacturing Sector," Working Papers 2012/03, Bogazici University, Department of Economics.
- Attar, M. Aykut, 2021. "Growth, distribution and dynamic inefficiency in Turkey: An analysis of the naïve neoclassical theory of capital," Structural Change and Economic Dynamics, Elsevier, vol. 59(C), pages 20-30.
- SJ, Balaji & Pal, Suresh, 2021. "Agricultural Productivity, Pay-Gap, and Non-Farm Development: Contribution to Structural Transformation in India," 2021 Conference, August 17-31, 2021, Virtual 315213, International Association of Agricultural Economists.
- Tristan Auvray & Cédric Durand & Joel Rabinovich & Cecilia Rikap, 2020. "Financialization's conservation and transformation: from Mark I to Mark II," Working Papers hal-03079425, HAL.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Elgin, Ceyhun & Yucel, Emekcan, 2014.
"Determinants of the weight for leisure in preferences,"
Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 8, pages 1-26.
- Elgin, Ceyhun & Yucel, Emekcan, 2013. "Determinants of the weight for leisure in preferences," Economics Discussion Papers 2013-57, Kiel Institute for the World Economy (IfW Kiel).
- Rogerson, Richard & Shimer, Robert, 2011.
"Search in Macroeconomic Models of the Labor Market,"
Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 7, pages Pages: 61,
Elsevier.
- Richard Rogerson & Robert Shimer, 2010. "Search in Macroeconomic Models of the Labor Market," NBER Working Papers 15901, National Bureau of Economic Research, Inc.
- Ceyhun ELGİN & Tolga Umut KUZUBAŞ, 2012.
"Wage-Productivity Gap in Turkish Manufacturing Sector,"
Iktisat Isletme ve Finans, Bilgesel Yayincilik, vol. 27(316), pages 09-31.
- Ceyhun Elgin & Tolga Umut Kuzubas, 2012. "Wage-Productivity Gap in Turkish Manufacturing Sector," Working Papers 2012/03, Bogazici University, Department of Economics.
- Ekrame Boubtane & Dramane Coulibaly & Christophe Rault, 2013.
"Immigration, Growth, and Unemployment: Panel VAR Evidence from OECD Countries,"
LABOUR, CEIS, vol. 27(4), pages 399-420, December.
- Boubtane, Ekrame & Coulibaly, Dramane & Rault, Christophe, 2012. "Immigration, Growth and Unemployment: Panel VAR Evidence from OECD Countries," IZA Discussion Papers 6966, Institute of Labor Economics (IZA).
- Ekrame Boubtane & Dramane Coulibaly & C. Rault, 2013. "Immigration, growth and unemployment: Panel VAR evidence from OECD countries," CERDI Working papers halshs-00827002, HAL.
- Ekrame Boubtane & Dramane Coulibaly & Christophe Rault, 2013. "Immigration, Growth and Unemployment: Panel VAR Evidence from OECD Countries," CESifo Working Paper Series 4329, CESifo.
- Ekrame Boubtane & Dramane Coulibaly & Christophe Rault, 2013. "Immigration, growth and unemployment: Panel VAR evidence from OECD countries," Documents de travail du Centre d'Economie de la Sorbonne 13012, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Ekrame Boubtane & Dramane Coulibaly & Christophe Rault, 2013. "Immigration, growth and unemployment: Panel VAR evidence from OECD countries," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00800608, HAL.
- Ekrame BOUBTANE & Dramane COULIBALY & C. RAULT, 2013. "Immigration, growth and unemployment: Panel VAR evidence from OECD countries," Working Papers 201304, CERDI.
- Ekrame Boubtane & Dramane Coulibaly & C. Rault, 2013. "Immigration, growth and unemployment: Panel VAR evidence from OECD countries," Working Papers halshs-00827002, HAL.
- Ekrame Boubtane & Dramane Coulibaly & Christophe Rault, 2013. "Immigration, Growth, and Unemployment: Panel VAR Evidence from OECD Countries," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01297097, HAL.
- Ekrame Boubtane & Dramane Coulibaly & Christophe Rault, 2013. "Immigration, Growth, and Unemployment: Panel VAR Evidence from OECD Countries," Post-Print halshs-01297097, HAL.
- Ekrame Boubtane & Dramane Coulibaly & Christophe Rault, 2013. "Immigration, growth and unemployment: Panel VAR evidence from OECD countries," Post-Print halshs-00800608, HAL.
- Dreger, Christian & Reimers, Hans-Eggert, 2014.
"On the relationship between public and private investment in the euro area,"
Discussion Papers
344, European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics.
- Christian Dreger & Hans-Eggert Reimers, 2014. "On the Relationship between Public and Private Investment in the Euro Area," Discussion Papers of DIW Berlin 1365, DIW Berlin, German Institute for Economic Research.
- Dreger, Christian & Reimers, Hans-Eggert, 2014. "On the Relationship between Public and Private Investment in the Euro Area," IZA Discussion Papers 8002, Institute of Labor Economics (IZA).
- Elgin, Ceyhun & Kuzubas, Tolga Umut, 2013.
"Current account balances and output volatility,"
Economic Modelling, Elsevier, vol. 33(C), pages 381-387.
- Ceyhun Elgin & Tolga Umut Kuzubas, 2013. "Current Account Balances and Output Volatility," Working Papers 2013/04, Bogazici University, Department of Economics.
- Di Pace, F. & Faccini, R., 2012.
"Deep habits and the cyclical behaviour of equilibrium unemployment and vacancies,"
Journal of Economic Dynamics and Control, Elsevier, vol. 36(2), pages 183-200.
- di Pace, Federico & Faccini, Renato, 2010. "Deep habits and the cyclical behaviour of equilibrium unemployment and vacancies," Bank of England working papers 391, Bank of England.
- Gohmann, Stephan F. & Fernandez, Jose M., 2014. "Proprietorship and unemployment in the United States," Journal of Business Venturing, Elsevier, vol. 29(2), pages 289-309.
- Jianjun Miao & Pengfei Wang & Lifang Xu, 2016.
"Stock market bubbles and unemployment,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 61(2), pages 273-307, February.
- Jianjun Miao & PENGFEI WANG & Lifang Xu, 2012. "Stock Market Bubbles and Unemployment," Boston University - Department of Economics - Working Papers Series WP2012-011, Boston University - Department of Economics.
- Pengfei Wang & Lifang Xu & Jianjun Miao, 2013. "Stock Market Bubbles and Unemployment," 2013 Meeting Papers 720, Society for Economic Dynamics.
- Zeynep Kantur & Kerim Keskin, 2021.
"A new Keynesian model with unemployment: The effect of on‐the‐job search,"
Bulletin of Economic Research, Wiley Blackwell, vol. 73(4), pages 643-659, October.
- Kantur, Zeynep & Keskin, Kerim, 2017. "A New Keynesian model with unemployment: The effect of on-the-job search," Economics Discussion Papers 2017-99, Kiel Institute for the World Economy (IfW Kiel).
- Renato Santiago & Matheus Koengkan & José Alberto Fuinhas & António Cardoso Marques, 2020. "The relationship between public capital stock, private capital stock and economic growth in the Latin American and Caribbean countries," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 67(3), pages 293-317, September.
- Ma�gorzata Skibi�ska, 2015. "Impact of labour market shocks on business cycle fluctuations in Poland," Bank i Kredyt, Narodowy Bank Polski, vol. 46(1), pages 1-40.
- Antonia López‐Villavicencio & José Ignacio Silva, 2011. "Employment Protection And The Non‐Linear Relationship Between The Wage‐Productivity Gap And Unemployment," Scottish Journal of Political Economy, Scottish Economic Society, vol. 58(2), pages 200-220, May.
- William D. Craighead, 2019.
"Hysteresis In A New Keynesian Model,"
Economic Inquiry, Western Economic Association International, vol. 57(2), pages 1082-1097, April.
- Craighead, William, 2016. "Hysteresis in a New Keynesian Model," MPRA Paper 70777, University Library of Munich, Germany.
- Pascal Michaillat, 2012.
"Do Matching Frictions Explain Unemployment? Not in Bad Times,"
American Economic Review, American Economic Association, vol. 102(4), pages 1721-1750, June.
- Pascal Michaillat, 2010. "Do Matching Frictions Explain Unemployment? Not in Bad Times," CEP Discussion Papers dp1024, Centre for Economic Performance, LSE.
- Sergio A. Lago Alves, 2018.
"Monetary Policy, Trend Inflation, and Unemployment Volatility,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(4), pages 637-673, June.
- Sergio A. Lago Alves, 2016. "Monetary Policy, Trend Inflation and Unemployment Volatility," Working Papers Series 450, Central Bank of Brazil, Research Department.
- Marra, Alessandro & Colantonio, Emiliano, 2021. "The path to renewable energy consumption in the European Union through drivers and barriers: A panel vector autoregressive approach," Socio-Economic Planning Sciences, Elsevier, vol. 76(C).
- Edward M Feasel & Nobuyuki Kanazawa, 2013. "Sentiment toward Trading Partners and International Trade," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 39(3), pages 309-327.
- Chen, Yang & Fang, Zheng, 2018. "Industrial electricity consumption, human capital investment and economic growth in Chinese cities," Economic Modelling, Elsevier, vol. 69(C), pages 205-219.
- Giulia Caruso & Emiliano Colantonio & Stefano Antonio Gattone, 2020. "Relationships between Renewable Energy Consumption, Social Factors, and Health: A Panel Vector Auto Regression Analysis of a Cluster of 12 EU Countries," Sustainability, MDPI, vol. 12(7), pages 1-16, April.
More about this item
Keywords
wages; marginal productivity of labor; panel-VAR; OECD economies;All these keywords.
JEL classification:
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:ifweej:201321. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/iwkiede.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.