Employee compensation in European regions: A spatial analysis of short- and long-term effects

IF 5 2区经济学 Q1 ECONOMICS

Structural Change and Economic Dynamics Pub Date : 2025-03-31 DOI:10.1016/j.strueco.2025.03.019

Antonio Garofalo , Emma Bruno , Maria D'Avino , Aniello Ferraro , Gennaro Punzo

{"title":"Employee compensation in European regions: A spatial analysis of short- and long-term effects","authors":"Antonio Garofalo , Emma Bruno , Maria D'Avino , Aniello Ferraro , Gennaro Punzo","doi":"10.1016/j.strueco.2025.03.019","DOIUrl":null,"url":null,"abstract":"<div><div>Some European countries have recently experienced stagnation or decline in employee compensation, highlighting the need to investigate its causes to develop policies that support economic well-being and competitiveness.</div><div>Using a dynamic spatial Durbin panel model and data from 242 European regions from 2008 to 2020, this study explores key socio-demographic, economic, and institutional factors affecting employee compensation. The estimation approach accounts for both spatial and temporal dimensions, allowing the assessment of short- and long-term direct and spillover effects associated with each predictor.</div><div>The results show significant spatial dependencies, with GDP per capita positively influencing compensation in the short-run, while education negatively due to skill mismatches. Institutional quality contributes to higher compensation levels both in the short- and long-term, highlighting effective governance's role. Statutory minimum wages have negative direct effects in the short-run and positive spillovers in the long-run.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"74 ","pages":"Pages 303-314"},"PeriodicalIF":5.0000,"publicationDate":"2025-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Structural Change and Economic Dynamics","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0954349X25000529","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}

引用次数: 0

Abstract

Some European countries have recently experienced stagnation or decline in employee compensation, highlighting the need to investigate its causes to develop policies that support economic well-being and competitiveness.

Using a dynamic spatial Durbin panel model and data from 242 European regions from 2008 to 2020, this study explores key socio-demographic, economic, and institutional factors affecting employee compensation. The estimation approach accounts for both spatial and temporal dimensions, allowing the assessment of short- and long-term direct and spillover effects associated with each predictor.

The results show significant spatial dependencies, with GDP per capita positively influencing compensation in the short-run, while education negatively due to skill mismatches. Institutional quality contributes to higher compensation levels both in the short- and long-term, highlighting effective governance's role. Statutory minimum wages have negative direct effects in the short-run and positive spillovers in the long-run.

查看原文本刊更多论文

欧洲地区雇员薪酬：短期和长期影响的空间分析

一些欧洲国家最近经历了雇员薪酬的停滞或下降，突出表明有必要调查其原因，以制定支持经济福祉和竞争力的政策。本文采用动态空间Durbin面板模型和来自欧洲242个地区2008 - 2020年的数据，探讨了影响员工薪酬的主要社会人口、经济和制度因素。估算方法考虑了空间和时间两个维度，允许评估与每个预测因子相关的短期和长期直接和溢出效应。结果显示出显著的空间依赖性，人均GDP在短期内正向影响薪酬，而教育程度由于技能错配而负向影响薪酬。制度质量在短期和长期都有助于提高薪酬水平，突出了有效治理的作用。法定最低工资在短期内具有负面的直接影响，而在长期内具有积极的溢出效应。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Structural Change and Economic Dynamics ECONOMICS-

CiteScore

9.60

自引率

4.90%

发文量

159

期刊介绍： Structural Change and Economic Dynamics publishes articles about theoretical, applied and methodological aspects of structural change in economic systems. The journal publishes work analysing dynamics and structural breaks in economic, technological, behavioural and institutional patterns.