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Thomas Leoni - One of the best experts on this subject based on the ideXlab platform.
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Austria's International Unit Labour Cost Position Improved Again in 2018
2020Co-Authors: Werner Hölzl, Thomas LeoniAbstract:In 2018, the ongoing good economic state of the Austrian manufacturing sector led to an improvement in the unit Labour Cost position compared with the weighted average of all trading partners. Productivity rose more strongly than in the other countries, while Labour Cost development was in line with the average. This favourable development was largely determined by the Labour Cost relation to Germany and the other EU trading partners. Compared with non-European trading partners, the Austrian unit Labour Cost position deteriorated, partly due to an appreciation of the euro.
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International Unit Labour Cost Position Slightly Improved in 2008
Austrian Economic Quarterly, 2020Co-Authors: Werner Hölzl, Thomas Leoni, Christine ZulehnerAbstract:In 2008, Austria ranked ninth in the international Labour Cost hierarchy. Labour was most expensive in Norway, Belgium, Switzerland and Sweden. As the Austrian economy was less affected by the global economic crisis than the economies of its trading partners, Austria's Labour productivity and international unit Labour Cost position improved in 2008. A decline is expected in 2009.
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Improvement of Austria's International Unit Labour Cost Position in 2017
2020Co-Authors: Werner Hölzl, Thomas LeoniAbstract:In 2017, the economic upturn in the Austrian manufacturing sector led to an improvement in the unit Labour Cost position compared with the weighted average of all trading partners. Productivity increased more strongly than in previous years, while Labour Costs in Austria rose only moderately. The Austrian unit Labour Cost position also improved in comparison with Germany and the other EU trading partners.
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Austrian Unit Labour Cost Position Improves Slightly in 2015
2020Co-Authors: Werner Hölzl, Thomas LeoniAbstract:Despite moderate economic growth, the international Labour Cost position of Austrian manufacturing improved with respect to the weighted sum of all trading partners in 2015. This improvement can be mainly attributed to the devaluation of the euro against other currencies. Compared to the EU's trading partners, price competitiveness of Austrian exports declined. In a longer-term perspective, the overall unit Labour Cost position of Austrian manufacturing has been subject to only moderate fluctuations since 2005, with a slight deterioration since the outbreak of the economic crisis.
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International Unit Labour Cost Position in Manufacturing Deteriorated in 2016
2020Co-Authors: Werner Hölzl, Thomas LeoniAbstract:According to recent data, the Austrian economy experienced a deterioration in its international unit Labour Cost position for goods manufacturing in 2016, compared to the weighted average of its global trading partners, as well as in comparison to the EU trading partners and to Germany. This was mostly due to a higher rise in Labour Costs in Austria. . In the long term, the Austrian unit Labour Cost position was comparatively stable, with a negative trend since 2013.
Alois Guger - One of the best experts on this subject based on the ideXlab platform.
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Austria's International Unit Labour Cost Position Improved in 2004
2020Co-Authors: Alois GugerAbstract:The unit Labour Cost position of Austrian businesses improved clearly in the second half of the 1990s and has remained largely stable since the year 2000. In Austrian manufacturing, one hour of blue-collar Labour Cost 20.80 € in 2004, hence approximately 2.25 percent less than the average paid by the country's trading partners in the EU 15. Of this amount, 11.40 € were paid in wages and 9.40 € in non-wage Labour Costs. The latter thus made up 82.6 percent of wages, a decline of 1 percentage point against 2003, due essentially to a reduction of health insurance contributions for workers and a decrease in sickness times.
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Declining Euro Improves Austrian Ranking in Relative Unit Labour Cost
2020Co-Authors: Alois GugerAbstract:In an international ranking of Labour Costs, Austria places tenth after Germany, the Scandinavian countries, Switzerland, the Netherlands and Japan. Labour is most expensive in Germany: At ATS 331 manufacturers in Germany pay 25 percent more per working hour than those in Austria, where in 1999 a worker's hour Cost ATS 265.20 or 4¾ percent more than the EU average. The rate of non-wage Labour Costs in manufacturing was 91.4 percent in 1999, or 0.8 percentage points higher than in 1998, due to a rise in severance payments and failure periods. The position of Austrian industries in an international unit Labour Cost ranking fluctuated throughout the 1990s. In the first half of the decade, it deteriorated by almost 3 percent due to higher wage inflation than in the competing countries and the Schilling's gain in value in consequence of the crisis of the European monetary system. In the second half, relative unit Labour Cost fell by 4.5 percent against the average of trading partners, due to lower wage inflation, continuing productivity growth and better currency ratios in the single currency. In 1999, unit Labour Cost in Austrian manufacturing decreased by 0.5 percent. Its international ranking, compared to the average of trading partners, improved by 1.4 percent, thanks to the strong recovery of the yen and dollar currencies.
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International Unit Labour Cost Position Improved in 2004
Austrian Economic Quarterly, 2020Co-Authors: Alois GugerAbstract:In the international hierarchy of Labour Costs Austria ranked ninth in 2004. Hourly Labour Costs were most expensive in Denmark, Norway and Germany. In 2004 one hour of blue-collar Labour in Austrian manufacturing Cost 20.80 €, hence 2.25 percent less than the average paid in the EU. With exchange-rates stabilised, lower wage inflation and high productivity growth, the relative unit Labour Cost position of Austrian manufacturing has improved by approximately 20 percent since the mid-1990s. In 2004 unit Labour Costs decreased by 3.5 percent; Austria also gained ground over its trading partners.
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International Unit Labour Cost Position Has Slightly Deteriorated in 2007
2020Co-Authors: Alois Guger, Thomas LeoniAbstract:In 2007, a working hour Cost Austrian manufacturers 29.90 €, 7.8 percent more than the average of the other EU-15 countries. This amount consists of a wage share of 15.88 € plus 14.02 € in non-wage Labour Costs. At 88.3 percent, the incidental Costs were slightly lower than in the previous year. In 2007, Austria ranked 11th in the international Labour Cost hierarchy. Labour was most expensive in Norway (one working hour in manufacturing was 33 percent more expensive than in Austria), followed by Belgium (+20 percent), Sweden (+17 percent), Denmark and Germany (+10 percent). Thanks to the exchange rate, Switzerland improved its position, although a working hour was still more expensive (by 8 percent) than in Austria. In France and the Netherlands the working hour Cost more, in Finland the same as in Austria. In the UK and Ireland, manufacturers paid 10 percent less; in Italy the Cost was one fifth lower than in Austria. The euro appreciation reduced the Cost of a working hour in the USA; hence Labour was in the USA by a quarter and in Japan by almost 40 percent cheaper than in Austria. In the new EU countries, Labour Cost a fraction of the Austrian rate: in Hungary, Estonia and the Czech Republic it was just about 20 percent, in Poland, Lithuania and Latvia 15 percent, and in Romania and Bulgaria less than 10 percent.
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Markedly Better Unit Labour Cost Position due to High Productivity Growth and Declining Euro
2020Co-Authors: Alois GugerAbstract:In an international hierarchy of Labour Costs, Austria ranks 11th, after Germany, Switzerland, the Scandinavian countries, Japan, the U.S. and the Netherlands. The Labour factor is most expensive in Germany. At ATS 340 per hour of Labour, German manufacturers pay more than a quarter over the Austrian rate. For Austrian manufacturers, a worker's hour Costs ATS 270.40 in 2000, or 2.75 percent more than the EU average. Non-wage Labour Costs in manufacturing were 90.2 percent in 2000, a drop of 0.8 percentage points against 1999, due to lower severance payments. For the Austrian economy, its international position with regard to its unit Labour Cost fluctuated throughout the 1990s. In the first half of the last decade, industries in Austria found their situation deteriorating substantially, fuelled by rocketing wage inflation and an appreciation of the schilling in the wake of the EMS crisis, whereas in the second half relative unit Labour Cost came down by 2.7 percent p.a. compared to the average of Austria's trading partners and calculated in a single currency, the consequence of lower wage inflation, continuously high productivity growth (+5.3 percent p.a.) and a better currency standing. Altogether, the relative unit wage Cost position for Austrian manufacturers improved by well over 10 percent in the 1990s. In 2000, unit wage Costs declined by 6.0 percent, considering that the hourly wage rate went up by 1.9 percent and hourly productivity grew by 8.4 percent. Supported by the strong recovery of the yen and dollar, Austria's international unit Labour Cost ranking improved by 6.5 percent over the average of its trading partners and by well over 4.5 percent over the EU average.
Werner Hölzl - One of the best experts on this subject based on the ideXlab platform.
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Austria's International Unit Labour Cost Position Improved Again in 2018
2020Co-Authors: Werner Hölzl, Thomas LeoniAbstract:In 2018, the ongoing good economic state of the Austrian manufacturing sector led to an improvement in the unit Labour Cost position compared with the weighted average of all trading partners. Productivity rose more strongly than in the other countries, while Labour Cost development was in line with the average. This favourable development was largely determined by the Labour Cost relation to Germany and the other EU trading partners. Compared with non-European trading partners, the Austrian unit Labour Cost position deteriorated, partly due to an appreciation of the euro.
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International Unit Labour Cost Position Slightly Improved in 2008
Austrian Economic Quarterly, 2020Co-Authors: Werner Hölzl, Thomas Leoni, Christine ZulehnerAbstract:In 2008, Austria ranked ninth in the international Labour Cost hierarchy. Labour was most expensive in Norway, Belgium, Switzerland and Sweden. As the Austrian economy was less affected by the global economic crisis than the economies of its trading partners, Austria's Labour productivity and international unit Labour Cost position improved in 2008. A decline is expected in 2009.
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Improvement of Austria's International Unit Labour Cost Position in 2017
2020Co-Authors: Werner Hölzl, Thomas LeoniAbstract:In 2017, the economic upturn in the Austrian manufacturing sector led to an improvement in the unit Labour Cost position compared with the weighted average of all trading partners. Productivity increased more strongly than in previous years, while Labour Costs in Austria rose only moderately. The Austrian unit Labour Cost position also improved in comparison with Germany and the other EU trading partners.
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Austrian Unit Labour Cost Position Improves Slightly in 2015
2020Co-Authors: Werner Hölzl, Thomas LeoniAbstract:Despite moderate economic growth, the international Labour Cost position of Austrian manufacturing improved with respect to the weighted sum of all trading partners in 2015. This improvement can be mainly attributed to the devaluation of the euro against other currencies. Compared to the EU's trading partners, price competitiveness of Austrian exports declined. In a longer-term perspective, the overall unit Labour Cost position of Austrian manufacturing has been subject to only moderate fluctuations since 2005, with a slight deterioration since the outbreak of the economic crisis.
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International Unit Labour Cost Position in Manufacturing Deteriorated in 2016
2020Co-Authors: Werner Hölzl, Thomas LeoniAbstract:According to recent data, the Austrian economy experienced a deterioration in its international unit Labour Cost position for goods manufacturing in 2016, compared to the weighted average of its global trading partners, as well as in comparison to the EU trading partners and to Germany. This was mostly due to a higher rise in Labour Costs in Austria. . In the long term, the Austrian unit Labour Cost position was comparatively stable, with a negative trend since 2013.
Bruno Simini - One of the best experts on this subject based on the ideXlab platform.
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the relationship between Labour Cost per patient and the size of intensive care units a multicentre prospective study
Intensive Care Medicine, 2003Co-Authors: Guido Bertolini, Carlotta Rossi, Luca Brazzi, D Radrizzani, Giancarlo Rossi, Enrico Arrighi, Bruno SiminiAbstract:Objective We examined the relationship between major ICU characteristics and Labour Cost per patient.
Miltiades N. Georgiou - One of the best experts on this subject based on the ideXlab platform.
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World Market Share, Labour Cost and Technology - A Discussion Based on Panel Data
SSRN Electronic Journal, 2010Co-Authors: Miltiades N. GeorgiouAbstract:In the present paper it will be shown that unit Labour Cost and technology do matter for the world market share in the international trade. However, it will be also shown by means of an econometric model that unit Labour Cost matters more than technology. The present paper is an extension and generalization of author’s three previous articles and refers to Western Economies during the period 1999-2007. The elaboration of data is made feasible through the Eviews software package.
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Labour Cost and World Market Share: An Empirical Analysis with Panel Data (1999–2008)
SSRN Electronic Journal, 2010Co-Authors: Miltiades N. GeorgiouAbstract:In the present paper it will be shown that unit Labour Cost plays a significant role in the world market share. An econometric model will be used on panel data covering Western European Countries as well as Japan, during the period 1999 - 2008. The degree of impact of unit Labour Cost on world market share is estimated by this econometric model. The elaboration of data is made feasible through the Eviews software package.
