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Labour Costs in Manufacturing

Published online by Cambridge University Press:  26 March 2020

G.F. Ray
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Extract

Comparative industrial labour costs have been analysed in three previous articles contained in earlier issues of this Review. Each time the analyses were based on the same Swedish publication, which contains hourly wages, social charges and total labour costs for most of the OECD countries, and converts them into a common currency using official exchange rates. This provides an acceptable starting point for international comparison since the products of manufacturing industries compete on international markets on the basis of these exchange rates.

Type
Articles
Information
National Institute Economic Review , Volume 120 , May 1987 , pp. 71 - 74
Copyright
Copyright © 1987 National Institute of Economic and Social Research

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References

Notes

(1) ‘Labour costs and international competitiveness’, National Institute Economic Review, no.61, August 1962, pp.53-8; ‘Labour costs in OECD countries, 1964-75’, National Institute Economic Review, no.78, November 1976, pp.58-62; and ‘Industrial labour costs, 1971-83’, National Institute Economic Review, no.110, November 1984, pp.62-7.

(2) ‘Wages and total labour costs for workers’, International Survey, annual, published by the Swedish Employers' Confederation; we are grateful to them, and particularly to Ms M. Finné, Chief Research Officer, for permission to use the information contained therein and for making it available to us.

(3) All OECD countries except Spain, Portugal, Greece, Turkey, Iceland, Australia and New Zealand.

(4) These consist of pay for time not worked (annual leave, public holidays), other cash payments and payments in kind, employers' social security expenditure (statutory or not), covering pensions, sickness, unemployment and family allowances if paid by the employer, vocational training and welfare services, and all other labour costs carried by the employer.

(5) The 1980 weights applied by the UN Statistical Office have been used.

(6) See Statistical Appendix, table 25.

(7) National Institute Economic Review, no.101, August 1983, p.35.