Pay-setting Systems in Europe: On-going Development and Possible Reforms
Ifo Institute for Economic Research, Munich, 2004
in: EEAG European Economic Advisory Group at CESifo: Report on the European Economy 2004, 61-83
This chapter analyses current pay-setting arrangements in Europe as well as the prospect of reform. It reviews the positive experience of many small European countries that have achieved real wage moderation through co-ordinated collective bargaining as well as the experience of countries where the achievements of collective bargaining are arguably much less positive. In either case, European countries would benefit from more diversity in relative wages.
Included in
EEAG European Economic Advisory Group at CESifo: Report on the European Economy 2004
Ifo Institute for Economic Research, Munich, 2004