The total amount of cash and non-cash benefits paid by employers to employees divided by the total number of employees. In addition to gross wages and salaries, it includes bonuses, overtime payments and employers‘ social security contributions. This figure is carefully monitored by the central bank, as it can be used to draw conclusions about effective (money) demand. – See labor costs, earned income, fringe benefits, two-pillar principle. – See the respective values, broken down by economic activity, in the annex „Euro area statistics,“ section „Prices, output, demand and labor markets“ in the respective ECB Monthly Bulletin, ECB Monthly Bulletin of October 2004, pp: 36 f., ECB Monthly Report of July 2005, pp. 43 ff. (recalculation; overviews), ECB Monthly Report of October 2006, pp. 36 ff. (comparison of collectively agreed earnings and effective earnings; p. 37 important overview of developments since 1996), Deutsche Bundesbank Monthly Report of August 2007, p. 51 (difficulties of statistical recording due to increasing complexity of contracts), ECB Monthly Report of November 2008, pp. 75 ff. (detailed, textbook presentation; many overviews), Deutsche Bundesbank Monthly Report of April 2009, p. 17 ff. (problem of minimum wages), ECB Monthly Report of July 2010, p. 35 f. (definition and coverage problems), ECB Monthly Report of June 2013, p. 69 ff. (compensation of employees broken down; overviews).

Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

Kommentare geschlossen.