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Wages, Employment and Productivity in EU and USA

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  • M.Carmen Guisan

    ()

  • M.Teresa Cancelo

Abstract

We analyse the evolution of regional employment in EU countries, and present some econometric models which relate employment with wages, economic growth and productivity. This study points to the main causes the important regional disparities of wages and rates of employment that exist in EU15 and EU24, as well as the low level of the average rate of employment in comparison with the USA and other areas. Finally we suggest some European policies that should be have into account in order to foster employment and real wages in the less developed regions as well as the average rate of employment of European Union.

Suggested Citation

  • M.Carmen Guisan & M.Teresa Cancelo, 2004. "Wages, Employment and Productivity in EU and USA," ERSA conference papers ersa04p460, European Regional Science Association.
  • Handle: RePEc:wiw:wiwrsa:ersa04p460
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    File URL: http://www-sre.wu.ac.at/ersa/ersaconfs/ersa04/PDF/460.pdf
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    References listed on IDEAS

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    1. Jan Fagerberg & Bart Verspagen & Marjolein Caniëls, 1997. "Technology, Growth and Unemployment across European Regions," Regional Studies, Taylor & Francis Journals, vol. 31(5), pages 457-466.
    2. Guisan, M.Carmen & Frias, Isidro, 1996. "Economic growth and social welfare in the European regions," Economic Development 9, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
    3. M.Carmen Guisan & Eva Aguayo & A. David Carballas, 2004. "Human Capital, Industry, Tourism and Economic Development of EU25 Regions," ERSA conference papers ersa04p468, European Regional Science Association.
    4. Ronald G. Bodkin & Lawrence R. Klein & Kanta Marwah, 1991. "A History of Macroeconometric Model-Building," Books, Edward Elgar Publishing, number 51.
    5. Donald G. Freeman, 2001. "Sources of fluctuations in regional growth," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 35(2), pages 249-266.
    6. Laurence Nayman & Deniz Ünal-Kesenci, 2001. "The French-German Productivity Comparison Revisited : Ten Years after the German Unification," Working Papers 2001-14, CEPII research center.
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