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Disentangling Pay and Productivity in a Corporatist Economy: The Case of Germany

Author

Listed:
  • Fuess Jr., Scott M.

    (University of Nebraska-Lincoln)

  • Millea, Meghan

    (Mississippi State University)

Abstract

Conventional theory predicts that productivity gains lead to pay hikes. Pay increases, however, can influence labor productivity. But what about in a corporatist economy? Focusing on Germany, we use an innovative technique developed by Geweke to disentangle the relationship between pay and productivity.

Suggested Citation

  • Fuess Jr., Scott M. & Millea, Meghan, 2002. "Disentangling Pay and Productivity in a Corporatist Economy: The Case of Germany," IZA Discussion Papers 597, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp597
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    References listed on IDEAS

    as
    1. Peter C.B. Phillips & Pierre Perron, 1986. "Testing for a Unit Root in Time Series Regression," Cowles Foundation Discussion Papers 795R, Cowles Foundation for Research in Economics, Yale University, revised Sep 1987.
    2. Sims, Christopher A, 1980. "Macroeconomics and Reality," Econometrica, Econometric Society, vol. 48(1), pages 1-48, January.
    3. Granger, C W J, 1969. "Investigating Causal Relations by Econometric Models and Cross-Spectral Methods," Econometrica, Econometric Society, vol. 37(3), pages 424-438, July.
    4. Scott M. Fuess & Meghan Millea, 2002. "Do Employers Pay Efficiency Wages? Evidence from Japan," Journal of Labor Research, Transaction Publishers, vol. 23(2), pages 278-292, April.
    5. Teulings,Coen & Hartog,Joop, 2008. "Corporatism or Competition?," Cambridge Books, Cambridge University Press, number 9780521049399, January.
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    Keywords

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    JEL classification:

    • J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General

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