The ratio of nonwage labor costs (for social security, pensions, vacation days, severence compensation, and the like) to direct wage costs is proportionately higher in Europe and Latin America than in Asia and Africa - largely because workers there are protected more by regulations. The distortionary growth of labor costs because of increasing nonwage costs is not common in the LDCs however. The author of this paper found that international differences...
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INFORMACIÓN
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1989/04/30
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS188
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1
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1
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2010/07/01
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International differences in wage and nonwage labor costs
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degree of government intervention
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