Skills , Labour Costs , and Vertically Differentiated Industries : A General Equilibrium Analysis 17 January 2000

@inproceedings{Lutz2000SkillsL,
  title={Skills , Labour Costs , and Vertically Differentiated Industries : A General Equilibrium Analysis 17 January 2000},
  author={Stefan Lutz and Alessandro Turrini},
  year={2000}
}
The effect of labour costs on industry profits, employment and labour income is at the heart of the current European debate on industry competitiveness. High wages paid in European countries such as Germany are generally considered harmful for industry profitability. Though, high wages appear also to be associated with high labour skills and then with… CONTINUE READING