Negrea Adrian – University of Oradea, Strada Universității nr. 1, Oradea 410087, Romania
Benea Ciprian Beniam – University of Oradea, Strada Universității nr. 1, Oradea 410087, Romania
Săcară Adina Onița – University of Oradea, Strada Universității nr. 1, Oradea 410087, Romania
DOI: https://doi.org/10.31410/LIMEN.S.P.2019.159
5th International Scientific-Business Conference – LIMEN 2019 – Leadership, Innovation, Management and Economics: Integrated Politics of Research – SELECTED PAPERS, Graz, Austria, December 12, 2019, published by the Association of Economists and Managers of the Balkans, Belgrade; Printed by: SKRIPTA International, Belgrade, ISBN 978-86-80194-27-1, ISSN 2683-6149, DOI: https://doi.org/10.31410/LIMEN.S.P.2019
Abstract
Labor productivity has been the basis for one on one economic wage growth in all developed
countries. The paper is analyzing the prospect of measures taken by the European 13 countries that became
EU members in 2004, 2007 and 2013 regarding compensation of employees per hour worked expressed
in EUR, the evolution of the real labor productivity per hour worked index where 2010=100%
and the impact on inflation expressed in percentage change. For this approach, Eurostat database was
consulted and for a better understanding, the study was done for the period of time starting from 2004
for Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, and
Slovenia, from 2007 for Bulgaria and Romania, and from 2013 Croatia. Based on the analysis results,
should pinpoint conclusions regarding the evolution of the indicators and the impact that they had on
price stability.
Keywords
Labor productivity, Wages, Inflation.
References
Gordon, R. (1986) Productivity, wages, and prices inside and outside of manufacturing in the U.S.,
Japan, and Europe, National Bureau of Economic Research
Hellerstein J., Neumark D., Troske K. (1996) Wages, productivity, and worker characteristics: evidence
from plant-level production functions and wage equations, National Bureau of Economic
Research
Biesebroeck Van J. (2003) Wages equal productivity. Fact or fiction? National Bureau Of Economic
Research
Faggio G., Salvanes K., Reenen Van J. (2007) The evolution of inequality in productivity and wages:
panel data evidence, National Bureau of Economic Research
Feldstein M. (2008) Did wages reflect growth in productivity? National Bureau of Economic Research
Stansbury A., Summers L. (2017) Productivity and pay: is the link broken? National Bureau of Economic
Research
Lazear E. (2019) Productivity and wages: common factors and idiosyncrasies across countries and
industries, National Bureau of Economic Research
