International Labor Cost Projections
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Authors:
Gad Levanon, PhD
Bert Colijn
Michael Paterra
Frank Steemers
Elizabeth Rust
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Publication Date:
January 30, 2016
Differences in labor cost growth signal changes to an economy’s international competitiveness as well as its workers’ comparative standard of living, yet there is a scarcity of adequate models that project labor costs across countries. Using data from The Conference Board International Labor Comparisons program, we compare the US projections to other advanced economies in Europe and Asia/Pacific. In this paper we use a panel data set of 19 countries to forecast: This working paper is complimentary.
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Complimentary.
