Title Comparative analysis of wages and labour productivity in Lithuania and other EU-15 countries /
Translation of Title Darbo užmokesčio ir darbo našumo lyginamoji analizė Lietuvoje ir kitose Europos Sąjungos (15) šalyse.
Authors Algis, Šileika ; Tamašauskienė, Zita ; Bartelienė, Neringa
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Is Part of Socialiniai tyrimai = Social research.. Šiauliai : VšĮ Šiaulių universiteto leidykla. 2010, nr.3(20), p. 132-143.. ISSN 1392-3110
Keywords [eng] Wage ; Labour productivity ; Share or wages in total GDP ; Wage elasticity
Abstract [eng] Lithuania’s decision to int egrate itself int o economic and political European structures in the context of integration and globalization causes the need to match wages and labour productivity to the level of other EU countries. When analyzing the relationship between wages and labour productivity in Lithuania and EU-15 countries, a different change in these two indicators is noticed. Till 2009 Lithuanian economy was rapidly growing, the borders of EU countries opened and these changes had influence on the increase in wages and labour productivity . However, an obvious difference is noticed between the wages and labour productivity in Lithuania and other EU countries. The performed analysis has shown that wages (calculating in euros) in Lithuania in comparison to old EU countries are lower 3 to 7 times, but labour productivity calculated as GDP per capita – only 2 times. In rapidly developing count ries wages and labour productivity adjust to economic changes; therefore, there is a necessity in the cont ext of other EU countries to investigate the relationship between wages and labour productivity in Lithuania so that these differences could be gradually reduced.
Published Šiauliai : VšĮ Šiaulių universiteto leidykla
Type Journal article
Language English
Publication date 2010