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Republic of Estonia Selected Issues

This Selected Issues paper examines the impact of fast unit labor cost (ULC) growth in Estonia. ULCs in Estonia have now reached a level at which further unmitigated wage growth risks material damage to competitiveness and income convergence prospects with western Europe. This highlights the importa...

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Bibliographic Details
Corporate Author: International Monetary Fund European Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2017
Series:IMF Staff Country Reports
Subjects:
Manufacturing Industries
Finance
Labour
Productivity
Wages, Compensation, And Labor Costs: General
Cost
Capital And Total Factor Productivity
Production
Industrial Productivity
Unemployment
Aggregate Labor Productivity
Skills
Competition
Total Factor Productivity
Aggregate Human Capital
Labor
Industries: Manufacturing
Labor Productivity
Macroeconomics: Production
Macroeconomics
Occupational Choice
Wages
Capacity
Economic Theory
Intergenerational Income Distribution
Human Capital
Finance: General
Income Economics
Employment
Production And Operations Management
Estonia, Republic Of
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This Selected Issues paper examines the impact of fast unit labor cost (ULC) growth in Estonia. ULCs in Estonia have now reached a level at which further unmitigated wage growth risks material damage to competitiveness and income convergence prospects with western Europe. This highlights the importance of making Estonia’s pro-productivity policies a success, but in the nearer term the onus is on mitigating excessive wage growth because in this area, Estonia, together with the other Baltics, distinguishes itself from the rest of central and eastern Europe. Tax policy can provide short-term relief
Physical Description:41 pages
ISBN:9781475565911

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