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On addition, wages could increase in consequence of productivity gain or union bargaining power, and not due to an imbalance.
But most costs of mental disorders in general, and depression specifically, are indirect costs, as a consequence of productivity loss and absenteeism: More than 70% of the total costs of depression consists of these indirect costs [ 26].
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We estimated the economic consequences of productivity loss (indirect costs) related to headache in the university hospital to 14 million CHF (9.5 million EUR), representing 3.2% of the overall annual personnel expenditure.
Another particularly important consequence of product and labor markets regulation was to be felt in productivity developments.
The big question is whether the graduate premium is the consequence of higher productivity or of establishing a pecking order.
The fact that Pythagoras, to later ages, also became alternatively conceived of as a Dorian nationalist, a sportsman, an educator of the people, or a great magician is a more curious consequence of the productivity of his teaching.
For example, a preference for market work could also have the consequence of increasing productivity through its effect on increasing the amount of work experience accumulated.
The consequences of weak productivity continuing, as looks likely, will have consequences for wage growth, which will inevitably remain weak.
Britain has lagged behind most other western nations in terms of our infrastructure with all the consequences of declining productivity – this must not continue.
The economic consequences of this productivity loss may thus equal approximately 14 million Swiss Francs (9.5 million EUR), representing 3.2% of the overall annual personnel expenditure of the hospital.
The economic consequences of lost productivity were calculated to amount to approximately 14 million Swiss Francs (9.5 million EUR), representing 3.2% of the overall annual expenditure of the hospital for personnel.
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