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

Fuess, Jr. Scott M.; Millea, Meghan

Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/21289

Title:

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

Authors:

Fuess, Jr. Scott M.
Millea, Meghan

Year of Publication:

2002

Series/Report no.:

IZA Discussion Papers No. 597

Publisher:

Institute for the Study of Labor (IZA), Bonn

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.

Subjects:

labor contracts
efficiency wages
corporatism

JEL:

J41
J30
J50
C22

Document Type:

Working Paper

Appears in Collections:

IZA Discussion Papers, IZA – Institute of Labor Economics

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