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Sectoral Level Disparities Between Labor Productivity And Wagesin Bulgaria

Author

Listed:
  • Silvia Gospodinova

    (University of Economics–Varna, Bulgaria)

Abstract

Labor productivity is the best indicator of the efficiency of the labour force in Bulgaria.It has an impact on the average wage in the country, and this influence is a subject of constant debate because it is not clear whether the growth of the aand if it does, what should be a fair and economically justified ratio between the two.Moreover, at sectoral level, there are disparities between these two indicators.In this paper, by means of an indicator of disproportion, we try to identify the discrepancy between them in the different economic sectors of the Bulgarian economy over the last 20 years.

Suggested Citation

  • Silvia Gospodinova, 2020. "Sectoral Level Disparities Between Labor Productivity And Wagesin Bulgaria," Economic Science, education and the real economy: Development and interactions in the digital age, Publishing house Science and Economics Varna, issue 1, pages 402-411.
    • Handle: RePEc:vrn:cfdide:y:2020:i:1:p:402-411
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    More about this item

    Keywords

    labor productivity; average wage; gross value added; average number of employees; economic sectors; disproportion indicator;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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