Employment and Productivity in the European Union and Comparison with the USA, 1985-2005: Analysis of France, Germany, Italy, Spain and the United Kingdom

9 Pages Posted: 22 Aug 2008

See all articles by Maria-Carmen Guisan

Maria-Carmen Guisan

University of Santiago de Compostela

M.T. Cancelo

affiliation not provided to SSRN

Date Written: August 21, 2008

Abstract

The main emphasis of labour policies in several EU countries seem to have been addressed during the period 1985-2005 to contain the increases of real wages, under the misleading belief that lower wages could lead the policies to get higher employment rates. We show that the main policies to increase employment rates are not opposite to the increase of wages, and even the best labour policies, addressed to increase simultaneously labour productivity and employment, usually get both goals, as to say an increase in real wages and in the employment rate. We also analyse the main econometric approaches to the explanation of the evolution of these variables and present a comparison of their evolution in France, Germany, Italy, Spain and the United Kingdom.

Keywords: Employment Policies in Europe, Productivity in EU and USA, Industry and Non-industrial production sectors, Econometric models of Employment

JEL Classification: C51, E61, J23, O51, O52

Suggested Citation

Guisan, Maria-Carmen and Cancelo, Maria Teresa, Employment and Productivity in the European Union and Comparison with the USA, 1985-2005: Analysis of France, Germany, Italy, Spain and the United Kingdom (August 21, 2008). Applied Econometrics and International Development, Vol. 6, No. 3, 2006, Available at SSRN: https://ssrn.com/abstract=1244681

Maria-Carmen Guisan (Contact Author)

University of Santiago de Compostela ( email )

Faculty of Economics and Business
Santiago de Compostela, A Coruña 15704
Spain

HOME PAGE: http://www.usc.es/economet/guisan.htm

Maria Teresa Cancelo

affiliation not provided to SSRN

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