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Labour market hierarchies and the macro-economy – Do labour market dualities affect wage growth in Europe?
Structural Change and Economic Dynamics ( IF 5.059 ) Pub Date : 2020-10-15 , DOI: 10.1016/j.strueco.2020.10.001
Paul Ramskogler

The drivers of wage growth in Europe are insufficiently understood. I argue that the institutional structure of labour markets – particularly labour market dualities – improve our understanding of the determinants of wage growth. This also helps to understand the period of a secular decline in wage growth after the crisis. Using data for the member states of the EU from Q1 2004 to Q4 2016, I demonstrate that there is a negative effect of the incidence of temporary contracts on overall wage growth. Further, I am able to show that it has considerably increased since the global financial crisis.



中文翻译:

劳动力市场等级制度和宏观经济–劳动力市场的双重性是否会影响欧洲的工资增长?

人们对欧洲工资增长的驱动因素了解不足。我认为,劳动力市场的制度结构,尤其是劳动力市场的二元性,可以增进我们对工资增长决定因素的理解。这也有助于了解危机后工资增长长期下降的时期。使用2004年第一季度至2016年第四季度欧盟成员国的数据,我证明了临时合同的发生率对总体工资增长具有负面影响。此外,我能够证明,自全球金融危机以来,这一数字已大大增加。

更新日期:2020-12-23
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