Wages in the crisis

Author (Person)
Publisher
Series Title
Series Details No.3, 2010
Publication Date March 2010
ISSN 1994-4446
Content Type

The recent global recession has had differing effects on wages across Europe. This paper presents wage patterns for EU countries since the impact of the financial crisis, and compares them to previous trends.

Wages in the countries hardest hit by the recession have underperformed when compared to past developments. The role of wages in determining international competitiveness is also examined and the importance of the general price level as opposed to wage levels is highlighted.

Source Link Link to Main Source http://www.etui.org/Publications2/Working-Papers/Wages-in-the-crisis
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