Wage-setting strategies for the Eurozone
Budras, Robert ; Limbers, Jan ; Sachs, Andreas ; Weiss, Johann
Bertelsmann Stiftung, Gütersloh
Bertelsmann Stiftung - Gütersloh
2016
31 p.
labour cost ; wage determination ; wage policy
Wages and wage payment systems
http://www.bertelsmann-stiftung.de/
English
Bibliogr.
"Since the global financial and economic crisis the question has arisen how the four Southern European countries could stimulate economic growth. One possible instrument is a policy of wage restraint in order to improve price competitiveness. Using simulation calculations for varying wage-setting strategies in Europe till 2030, this study discusses advantages and disadvantages of different wage-setting scenarios."
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