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Working Papers

Wages in the crisis

Publication date : 2010

Number of pages : 32

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.

Collection: 2010.03
ETUI, Brussels, ISBN 1994-4446, ISSN 1994-4446, ISSN 1994-4454 (pdf)

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