PUBLIC SECTOR WAGE PREMIUM AND OUTPUT VOLATILITY IN THE EUROPEAN UNION

IF 2.1 Q4 Economics, Econometrics and Finance
Kārlis Vilerts
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引用次数: 0

Abstract

This study seeks to uncover the role played by the public sector wage premium in explaining the output volatility. Furthermore, the study also explores the factors that might substantiate the cross-country differences in the volatility of the public sector wage premium. Using cross-sectional regression analysis for the European Union countries, the findings indicate that more volatile public sector wage premium is associated with higher fluctuations in the private sector employment and less stable growth. Findings also suggest that volatility of the public sector wage premium tends to be larger in countries with smaller governments and in countries where collective bargaining is the predominant regime for public sector wage setting.
欧盟公共部门工资溢价与产出波动
本研究试图揭示公共部门工资溢价在解释产出波动中所起的作用。此外,该研究还探讨了可能证实公共部门工资溢价波动性的跨国差异的因素。通过对欧盟国家的横断面回归分析,研究结果表明,公共部门工资溢价的波动性越大,私营部门就业的波动越大,增长越不稳定。调查结果还表明,在政府规模较小的国家和集体谈判是公共部门工资制定主要制度的国家,公共部门工资溢价的波动性往往更大。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
0.30
自引率
0.00%
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0
审稿时长
12 weeks
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