"Wage growth must be offset by productivity growth" The determinants of real unit labour costs : a case of Singapore's manufacturing sector

• Main Authors: Thomasz, Ryan Joel, Lim, Melissa Jie Yi, Chua, Jeremy Kun Da
• Other Authors: Chew Soon Beng
• Format: Final Year Project
• Language: English
• Published: 2016
• Subjects: DRNTU::Humanities
• Online Access: http://hdl.handle.net/10356/66636
• Institution: Nanyang Technological University

Although unit labour costs (ULC) conventionally measures cost competitiveness, an estimation study that encompasses its determinants – real wages and the disaggregated drivers of labour productivity – remains an unexplored domain. Replicating Ordóñez et al.’s (2015) decomposition analysis of ULC int...