Analysis of Decoupling of Labor Productivity and Wages

• Main Authors: WANG,YI-TING, 王怡婷
• Other Authors: CHEN,WEN-DEN
• Format: Others
• Language: zh-TW
• Published: 2016
• Online Access: http://ndltd.ncl.edu.tw/handle/46193401645484560992

碩士 === 東海大學 === 經濟系 === 104 === Recently, the growth of labor productivity rises more than wages in many countries, and the gap is getting deeper, which causes economic problem. Thus, the main idea of this study is to discuss the relationship between labor productivity and wages. Using DMP model, named as searching and matching theory, we applied Taiwan, the US, and Japan, the data from January 2001 to December 2014. The Markov Switching Regression is used to detect the bargaining power of workers. This study shows that if the labor productivity is declining, the model bargaining power will become lower. Because of monopsony, wages are not determined by productivity, which leads to wages lagged.