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

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 597

Classification and Topics

• Classification: Wirtschaft ; Labor Contracts ; Wages, Compensation, and Labor Costs: General ; Labor-Management Relations, Trade Unions, and Collective Bargaining: General ; Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
• Subject: labor contracts ; efficiency wages ; corporatism ; Lohn ; Produktivität ; Tarifpolitik ; Effizienzlohn ; Korporatismus ; Schätzung ; Deutschland

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Fuess, Jr. Scott M. ; Millea, Meghan
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2002

Further information

• Handle: http://hdl.handle.net/10419/21289
• Last update: 10.03.2025, 11:43 AM CET