Labor costs (expenditures on wages)
For the euro area, labor costs are monitored by the ECB according to various aspects (compensation per employee, gross monthly earnings, index of collectively agreed earnings, labor costs per hour), because they are an important component of disposable income and thus of (money) demand. – See Compensation of employees per
head, labor cost indicators, unemployment rate, Balassa-Samuelson effect, ECBNetworks, index of hourly labor costs, index of collectively bargained earnings, Lidlgeld, wage drift, wage costs, employee options, two-pillar principle. – Cf. the respective
Values, broken down by economic activity, in the annex „Euro area statistics,“ heading „Prices, output, demand and labor markets“ in the respective ECB Monthly Bulletin, ECB Monthly Bulletin of June 2003, pp. 45 ff, ECB Monthly Bulletin of July 2004, pp. 51 ff. (broad, textbook presentation with statistics), ECB Monthly Bulletin of April 2005, p. 74 (comparability of statistics), ECB Monthly Bulletin of July 2005, pp. 43 ff. (recalculation due to the EU regulation on the labor cost index; overviews), Deutsche Bundesbank Monthly Bulletin of July 2005, pp. 15 ff. (on important changes in the labor force as a whole; with many
overviews and [p. 25] list of legal changes for employment relationships), ECB Monthly Bulletin of September 2005, pp. 56 ff. (wage drifts between the market and nonmarket service sectors recorded and explained), ECB Monthly Bulletin of October 2005, pp. 52 et seq. (relationship between labor quality, labor productivity and growth; overviews), ECB Monthly Bulletin of April 2006, pp. 49 et seq. (cross-border labor mobility within the EU, with overviews), ECB Monthly Bulletin of September 2006, pp. 63 ff. (development of hours worked since 1996), Monthly Bulletin of the Deutsche Bundesbank of August 2007, p. 51 (difficulties of statistical recording due to increasing complexity of contracts), Monthly Bulletin of the ECB of March 2008, p. 71 (development of various measures of labor costs 2002 to 2007; breakdown by sector), Monthly Bulletin of the ECB of June 2008, p. 65 ff. (development 2000 to 2007, also broken down by sector; many overviews), ), Monthly Bulletin of the ECB of November 2008, p. 75 ff.
(detailed, textbook presentation; many overviews), Monthly Report of the Deutsche Bundesbank of December 2008, p. 44 f. (on the importance of flexibility in the labor market), Annual Report 2008 of the ECB, p. 69 f. (significant increase in labor costs; sectoral differences; overviews), Monthly Report of the Deutsche Bundesbank of April 2009, p. 17 ff. (here also the problem of minimum wages), Annual Report 2009 of the Deutsche Bundesbank, p. 55 (labor compensation 2000-2010 in Germany), ECB Monthly Report of May 2010, p. 64 ff. (comparison of wage developments 2005 to 2009 between the euro area and the U.S.; institutional differences; overviews), Deutsche Bundesbank Annual Report 2010, p. 61 (collectively agreed earnings and effective earnings 2000 to 2010), ECB Annual Report 2011, p. 59 (labor cost indicators 2009 to 2011 broken down), Deutsche Bundesbank Monthly Report of May 2013, p. 13 ff. (unemployment in China).
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