Germans earn more but are less productive than most of their European countrymen, according to a new study. German employers pay the second highest wage costs in Europe but receive the lowest productivity according to the joint study by Mummert Consulting, the F.A.Z. Institut and "Manager" Magazine. On average, for every euro of salary, German employers receive 4.29 euro worth of productivity. By comparison, in Italy employers receive more than 7 euro worth of productivity for every euro paid out in wages, and in Luxemburg the same figure is over 9 euro.