Vít Pošta
Statistical Analysis of Productivity and Compensation of Labor in the EU
Číslo: 4/2018
Periodikum: Statistika
Klíčová slova: Compensation, labor productivity, statistical analysis, unit labor costs
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Anotace:
The presented paper first discusses possible hypotheses on the relationship between compensation and labor
productivity, arguing equiproportionality between the two cannot be considered a viable economic hypothesis.
The main part of the analysis focuses on the EU countries, presenting a detailed view of the developments in the
past twenty years from the point of view of both nominal and real unit labor costs. It shows that the relationship
between compensation and labor productivity varies greatly among the economies and no general conclusions
may be drawn. In case of the Czech Republic the estimates show that responsiveness of compensation to
productivity is relatively high as compared with the EU panel and the growth of compensation surpasses the
growth of productivity in both nominal and real terms as compared with the EU or Germany as a benchmark.
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productivity, arguing equiproportionality between the two cannot be considered a viable economic hypothesis.
The main part of the analysis focuses on the EU countries, presenting a detailed view of the developments in the
past twenty years from the point of view of both nominal and real unit labor costs. It shows that the relationship
between compensation and labor productivity varies greatly among the economies and no general conclusions
may be drawn. In case of the Czech Republic the estimates show that responsiveness of compensation to
productivity is relatively high as compared with the EU panel and the growth of compensation surpasses the
growth of productivity in both nominal and real terms as compared with the EU or Germany as a benchmark.