Resource title

Employment Fluctuations and Dynamics of the Aggregate Average Wage in Poland 1996-2003

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Resource description

The aggregate average wage is often used as an indicator of economic performance and welfare, and as such often serves as a benchmark for changes in the generosity of public transfers and for wage negotiations. Yet if economies experience a high degree of (nonrandom) fluctuation in employment the composition of the employed population will have a considerable effect on the computed average. In this paper we demonstrate the extent of this problem using data for Poland for the period 1996-2003. During these years unemployment in Poland almost doubled. We show that about a quarter of the growth in the average wage during this period could be contributed purely to changes in employment.

Resource author

MichaƂ Myck, Leszek Morawski, Jerzy Mycielski

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/18438

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Adapt according to the presented license agreement and reference the original author.