Will the Decline in Unit Labor Cost in Europe's Troubled Economies Help Improve Competitiveness?
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Authors:
Bert Colijn
Bart van Ark -
Publication Date:
January 2013 -
Report Number:
A-0391-13-EA
As Europe’s sovereign debt crisis continues to stunt economic growth in the region, unit labor costs (ULCs) are changing amid growing signs that the restructuring underway in the most troubled national economies may be having a positive effect. Will the blood, sweat, and tears poured into reforming the economy pay off?
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