This paper estimates the effects of imports on employment, wages, and the wage share in Austria for the period of 1990-2005 using panel data of manufacturing industry. Imports are disaggregated according to their origin and as final vs. intermediate imports. There is evidence of significant negative effects of imports on employment, wages and the wage share. Particularly workers in high skilled sectors experience negative effects. Offshoring to both Eastern Europe and the developed countries have a negative impact on employment, whereas offshoring to the East has a positive effect on wages, indicating the dominance of scope effects. (author´s abstract) / Series: Department of Economics Working Paper Series

The paper investigates the formation of wages in the New Member States in Central and Eastern Europe, in particular the question what the relative role of national and sectoral factors is. While the labor relations in these countries are still in the process of change, some pattern and national differences have emerged. The question is thus to what extent these differences in labor relations are reflected in wage formation. The literature on Western OECD economies is unanimous that coordination of wage bargaining does reduce the wage spread, but disagrees on its effects on unemployment and inflation. The paper analyses wage formation in Slovenia, Slovakia, Hungary, Poland, the Czech Republic and Lithuania by means of a panel analysis for manufacturing sectors. The average wage (in the total economy) serves as a national factor and sectoral productivity serves as a sectoral factor. In variations of the basic estimation equation the role of FDI and openness and of capital intensity and skill are also discussed. The results between countries are compared with the recent index of the coordination of collective bargaining by Visser (2005) and with cross country data on union density. (author's abstract) / Series: Department of Economics Working Paper Series

This paper estimates the effects of outward Foreign Direct Investment (employment in the affiliates abroad) on employment, wages, and the wage share in Austria using panel data for the period of 1996-2005. There is evidence of significant negative effects of FDI on both employment and wages, and consequently on the wage share. The results are not limited to workers in low skilled sectors or blue collar workers. The negative employment effect is primarily due to the rise in the employment in the foreign affiliates in Eastern Euope. The negative wage effects are originating from affiliate employment in both the East and the developed countries in industry, but no effect is found in the total economy. (author´s abstract) / Series: Department of Economics Working Paper Series

Die Dissertation setzt sich mit dem Thema der Vergütung aus einer Perspektive des sozialen Austauschs auseinander. Vergütung wird als das Bereitstellen von monetären und non-monetären Ressourcen durch einen Arbeitgeber definiert. Es werden vier Ressourcenklassen identifiziert, durch welche eine Organisation ihre Mitarbeiter entlohnen kann: Monetäre Vergütung und Nebenleistungen, Arbeitsbedingungen, Karrieremöglichkeiten und Wertschätzung durch das organisationale Umfeld. Die verschiedenen Vergütungsfaktoren und ihre Facetten werden aus wirtschaftspsychologischer, wirtschaftssoziologischer und arbeitsökonomischer Perspektive diskutiert und in Beziehung zu individuellen Merkmalen gesetzt. Im empirischen Teil der Studie wird quantitativ untersucht, ob Arbeitnehmer im tertiären Sektor monetäre vor nonmonetären Vergütungsfaktoren und -facetten präferieren und wie diese Präferenzen mit den demographischen Merkmalen und Einstellungen der Arbeitnehmer zusammenhängen. Es zeigt sich, dass die Vergütungsressource Wertschätzung vor monetärer Vergütung bevorzugt wird. Mehrere Zusammenhänge der Entscheidungen der Arbeitnehmer mit ihren demographischen Merkmalen sowie einzelne Zusammenhänge mit spezifischen Einstellungen werden durch die Untersuchung belegt. Auf Basis der Korrelationsanalysen werden Vergütungsmuster für Total Rewards abgeleitet und deren Implikationen für die Praxis des Personalmanagements diskutiert. (Autorenref.)

Before the introduction of the Euro many observers had expected an increase of inflationary pressures due to a de-coordination-shock to national wage bargaining. However, if anything systematically happened after the introduction of the Euro wage restraint increased (Posen and Gould 2006). A possible explanation for this finding is that a system of pattern bargaining has emerged with Germany figuring as a "centre of gravity" for European wage bargains (Traxler et al. 2008, Traxler and Brandl 2009). This paper studies wage and nominal unit labour cost spill-overs for the EMU for a panel over 13 manufacturing sectors from 1992-2005 and quantifies the effects of different countries. It turns out that there are strong interdependencies across EMU-members with regard to nominal wage growth. Indeed, a leading role accrues to Germany whose wage developments are twice as influential as those of the next important countries. Remarkably, the strong interdependence of wage growth is not reflected with regard to unit labour costs. Here, only the development in a core group composed of Austria, France, Germany and the Netherlands, is bound to each other. The development of nominal unit labour costs in other countries is largely independent from each other and especially from this core group. (author´s abstract) / Series: Department of Economics Working Paper Series