(2017), “The Future of Power Markets in a Low Marginal Cost World”, Resources for the Future Working Paper 17-26; and Archer, C. and M. Z. Jacobson (2005), “Evaluation of global wind power”, Journal of Geophysical Research, Vol. 110, pp. 1-20. [8] In France, for example, the share of workers that are trade union members fell from 23% in 1975 to 9% today.
In Germany, it fell from 35% to 17% over the same period. Partly as a result of this, over the past 25 years real aggregate productivity per hour in the euro area has increased by more than three times as much as real compensation per hour. [9] See, for example, Cavallo, A. (2017), "Are Online and Offline Prices Similar? Evidence from Large Multi-channel Retailers."