Natixis - Why did labour productivity in the euro zone decouple from that in the United States in 1995?

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Natixis

Patrick Artus

Why did labour productivity in the euro zone decouple from that in the United States in 1995?

Labour productivity in the euro zone decoupled from that in the United States in 1995. Why did productivity fall in the euro zone? We can imagine as possible explanations : Working time; Insufficient corporate investment; Insufficient corporate modernisation; A poor-quality education system; Labour force ageing; Deindustrialisation. Among all these possible explanations of the fall in per capita labour productivity in the euro zone relative to the United States, the reduction in working time in the euro zone is the only one that seems pertinent.

30/09/2020 5 EN

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Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

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Patrick Artus

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Why did labour productivity in the euro zone decouple from that in the United States in 1995?

Long Bono 01/41 vs. Short Bund 05/41

Overview of the Asian covered bond market

Consolidation after the euphoria?

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