Austria's Unit Labour Cost Position Improved in 2010 Due to the Recovering Economy

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...

Ausführliche Beschreibung

Bibliographische Detailangaben
Link(s) zu Dokument(en):WIFO Publikation
Veröffentlicht in:Austrian Economic Quarterly
Hauptverfasser: Stefan Ederer, Werner Hölzl
Format: article
Sprache:Englisch
Veröffentlicht: 2011
Schlagworte:
Beschreibung
Zusammenfassung: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.