Unit Labour Cost

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Thomas Leoni - One of the best experts on this subject based on the ideXlab platform.

  • despite increase in Unit Labour Costs improvement of austrian Unit Labour Cost position 2019
    WIFO Bulletin, 2020
    Co-Authors: Werner Hölzl, Thomas Leoni
    Abstract:

    Despite sluggish growth in Austrian foreign trade and in manufacturing, the Austrian Unit Labour Cost position in the manufacturing sector improved, compared to the weighted average of the trading partners. This development was partly determined by the Unit Labour Cost dynamics in Germany, where productivity declined significantly in 2019. The exchange rate development of the euro contributed to the improvement of the Austrian Unit Labour Cost position, compared to the average of the non-euro trading partners.

  • austria s international Unit Labour Cost position improved again in 2018
    WIFO Bulletin, 2019
    Co-Authors: Werner Hölzl, Thomas Leoni
    Abstract:

    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.

  • improvement of austria s international Unit Labour Cost position in 2017
    WIFO Bulletin, 2018
    Co-Authors: Werner Hölzl, Thomas Leoni
    Abstract:

    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.

  • international Unit Labour Cost position in manufacturing deteriorated in 2016
    WIFO Monatsberichte (monthly reports), 2017
    Co-Authors: Werner Hölzl, Thomas Leoni
    Abstract:

    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.

  • austrian Unit Labour Cost position improves slightly in 2015
    WIFO Monatsberichte (monthly reports), 2016
    Co-Authors: Werner Hölzl, Thomas Leoni
    Abstract:

    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.

Werner Hölzl - One of the best experts on this subject based on the ideXlab platform.

  • despite increase in Unit Labour Costs improvement of austrian Unit Labour Cost position 2019
    WIFO Bulletin, 2020
    Co-Authors: Werner Hölzl, Thomas Leoni
    Abstract:

    Despite sluggish growth in Austrian foreign trade and in manufacturing, the Austrian Unit Labour Cost position in the manufacturing sector improved, compared to the weighted average of the trading partners. This development was partly determined by the Unit Labour Cost dynamics in Germany, where productivity declined significantly in 2019. The exchange rate development of the euro contributed to the improvement of the Austrian Unit Labour Cost position, compared to the average of the non-euro trading partners.

  • austria s international Unit Labour Cost position improved again in 2018
    WIFO Bulletin, 2019
    Co-Authors: Werner Hölzl, Thomas Leoni
    Abstract:

    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.

  • improvement of austria s international Unit Labour Cost position in 2017
    WIFO Bulletin, 2018
    Co-Authors: Werner Hölzl, Thomas Leoni
    Abstract:

    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.

  • international Unit Labour Cost position in manufacturing deteriorated in 2016
    WIFO Monatsberichte (monthly reports), 2017
    Co-Authors: Werner Hölzl, Thomas Leoni
    Abstract:

    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.

  • austrian Unit Labour Cost position improves slightly in 2015
    WIFO Monatsberichte (monthly reports), 2016
    Co-Authors: Werner Hölzl, Thomas Leoni
    Abstract:

    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.

Alois Guger - One of the best experts on this subject based on the ideXlab platform.

  • international Unit Labour Cost position has slightly deteriorated in 2007
    WIFO Monatsberichte (monthly reports), 2008
    Co-Authors: Alois Guger, Thomas Leoni
    Abstract:

    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.

  • international Unit Labour Cost position improved in 2006
    Austrian Economic Quarterly, 2007
    Co-Authors: Alois Guger, Thomas Leoni
    Abstract:

    Austria ranks 11th in the international hierarchy of Labour Costs. The worker's hour is most expensive in Norway, Belgium, Switzerland, Sweden and Germany. In 2006, an hour of work in the Austrian manufacturing sector Cost 29.15 €. Due to low productivity growth and the appreciation of the euro, Austria's Unit Labour Cost position deteriorated relative to the average of trading partners between 2003 and 2005 after a marked improvement in the latter half of the 1990s. In 2006 it improved again by almost 2 percent.

  • international ranking in Unit Labour Cost improved in 2006
    WIFO Monatsberichte (monthly reports), 2007
    Co-Authors: Alois Guger, Thomas Leoni
    Abstract:

    In 2006, an hour of work in the Austrian manufacturing sector Cost 29.15 €, or 8.8 percent more than the average in the other EU-15 countries ("EU 14"). This amount was made up of 15.45 € in pay and 13.70 € in incidental wage Costs. The latter thus contributed 88.7 percent to the total, or ½ percentage point less than in the previous year, due t4o a drop in severance payments and failure periods.

  • international Unit Labour Cost position improved in 2004
    Austrian Economic Quarterly, 2006
    Co-Authors: Alois Guger
    Abstract:

    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.

  • austria s international Unit Labour Cost position improved in 2004
    WIFO Monatsberichte (monthly reports), 2005
    Co-Authors: Alois Guger
    Abstract:

    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.

Christine Zulehner - One of the best experts on this subject based on the ideXlab platform.

  • international Unit Labour Cost position in 2008 improved
    WIFO Monatsberichte (monthly reports), 2009
    Co-Authors: Werner Hölzl, Thomas Leoni, Christine Zulehner
    Abstract:

    In 2008 a working hour Cost Austrian manufacturers € 31.40, 12.0 percent more than the average of the other EU-15 countries. This sum is made up of a wage share of € 16.70 plus € 14.70 in non-wage Labour Costs. At 88 percent, the incidental Costs were slightly lower than in the previous year.

  • international Unit Labour Cost position slightly improved in 2008
    Austrian Economic Quarterly, 2009
    Co-Authors: Werner Hölzl, Thomas Leoni, Christine Zulehner
    Abstract:

    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.

Yolanda F Rebollosanz - One of the best experts on this subject based on the ideXlab platform.

  • the use of permanent and temporary jobs across spanish regions do Unit Labour Cost differentials offer an explanation
    Documentos de trabajo ( Centro de Estudios Andaluces ), 2005
    Co-Authors: Ignacio Garcia J Perez, Yolanda F Rebollosanz
    Abstract:

    We study the use of permanent and temporary contracts across Spanish regions during the period 1995-2001. First we show that there are significant differences among the regional rates of permanent employment and that these differences tend to persist over time. To understand the underlying factors behind these observed differences we estimate a binary choice model for the individual probability of having a permanent contract, taking advantage of the panel data dimension of the Spanish Labour Force Survey. Our main results are that Unit Labour Cost differentials, and thus Labour productivity and total Labour Cost differentials, partially explain the divergence of regional permanent employment rates. Moreover, compared to the influence of regional fixed effects and other possible explanations such as sector specialisation or the presence of small firms in the region, Unit Labour Costs explain more than two thirds of the observed variance in the permanent employment rate across Spanish regions, once all the relevant heterogeneity is taken into account.