Unemployment, wages and collective bargaining in the European Union

Abstract: "The paper questions the predominant view on unemployment and wages in the European Union according to which high unemployment is primarily caused by labour market rigidities, i.e. social institutions and regulations which prevent 'market-clearing' real wage levels and structures. It is shown that the foundations of that view coming either from neo-classical or new-Keynesian theory are not convincing, neither theoretically nor empirically. Analysing the developments in the EU during the last four decades, no strictly inverse relationship between real wage growth and unemployment can be found. On the contrary, persistently high unemployment has had strong adverse effects on nominal wage growth and on the labour income share. Weakened labour union bargaining power and changing collective bargaining strategies have contributed to this result. It is therefore concluded that the current EU economic and employment policies aiming at further wage restraint, wage differentiation and decent

Alternative title
Arbeitslosigkeit, Löhne und Kollektivverhandlungen in der Europäischen Union
Location
Deutsche Nationalbibliothek Frankfurt am Main
Extent
Online-Ressource, 29 S.
Language
Englisch
Notes
unbekannt

Bibliographic citation
WSI-Diskussionspapier ; Bd. 128

Classification
Wirtschaft

Event
Veröffentlichung
(where)
Düsseldorf
(when)
2004
Creator
Contributor
Wirtschafts- und Sozialwissenschaftliches Institut in der Hans-Böckler-Stiftung

URN
urn:nbn:de:101:1-2019072511520383396563
Rights
Open Access unbekannt; Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
Last update
15.08.2025, 7:32 AM CEST

Data provider

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Associated

Time of origin

  • 2004

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