Austria's Unit Labour Cost Position Improved in 2010 Due to the Recovering Economy
Austrian Economic Quarterly, 2011, 16(4), S.206-217
Austria's unit labour cost position improved thanks to the recovering economy and the related increase in productivity. Per-capita labour costs increased only slightly in manufacturing, while labour productivity per employee saw a greater rise. In general, unit labour costs in Austrian manufacturing developed slightly less favourably than among the EU trading partners and Germany. A look at the developments during the past five to ten years provides deeper insights due to business cycle-related temporary effects.
Keywords:Unit Labour Cost
Forschungsbereich:Industrie-, Innovations- und internationale Ökonomie – Makroökonomie und öffentliche Finanzen
Sprache:Englisch