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Table 6 List of variables

From: Co-movements between public and private wages in the EU: what factors and with what policy implications?

Variable

Definition

Source

Nominal compensations per employee in the general government

Calculated as the ratio of government final wage consumption expenditures (CGW) to government employment (EG)

OECD Economic Outlook

Real compensations per employee in the general government

Deflated by the price deflator of GDP at market prices

AMECO

Nominal compensations per employee in the manufacturing sector

Calculated as the ratio of total compensations of employees to total employees in the manufacturing industry

Eurostat

Real compensations per employee in the manufacturing sector

Deflated by price deflator of gross value added in the manufacturing industry

AMECO

Productivity

Gross value added at 2005 prices per person employed

Eurostat

Consumer price index

National consumer price index for all items

AMECO

Unemployment rate

Standardized unemployment rate

Eurostat

Government sector size

Ratio of general government to total employment

OECD Economic Outlook