Wage setting in Hungary: Evidence from a firm survey

Arbeitspapier

This paper presents new evidence on the flexibility of the Hungarian labor market, with special emphasis on wages. The results are based on a new survey on wage setting among Hungarian firms. The survey is part of the Eurosystem Wage Dynamics Network (WDN), and it is a harmonized questionnaire administered in 17 countries in Europe, including almost all Euro Area countries as well as five Central and Eastern European countries. The survey results show that the Hungarian labor market, while institutionally flexible, appears to be surprisingly rigid. The survey evidence points to low turnover and possibly more rigid wages than previously thought.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: MNB Occasional Papers ; No. 103

Classification and Topics

• Classification: Wirtschaft ; Survey Methods; Sampling Methods ; Labor Economics: General ; Wages, Compensation, and Labor Costs: General
• Subject: wage setting ; survey ; wage dynamics network ; Hungary

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Kézdi, Gábor ; Kónya, István
• Event: Veröffentlichung
• (who): Magyar Nemzeti Bank
• (where): Budapest
• (when): 2012

Further information

• Handle: http://hdl.handle.net/10419/83533
• Last update: 10.03.2025, 11:43 AM CET