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Wage dynamics across euro area countries since the start of the pandemic

Author

Listed:
  • Bodnár, Katalin
  • Le Roux, Julien

Abstract

This box examines cross-country developments in compensation per employee since the start of the coronavirus (COVID-19) pandemic. The pandemic has strongly affected wage developments across euro area countries, reflecting standard cyclical and structural determinants as well as novel factors, such as differences in the size and impact of the shock or the specificities of national job retention schemes. JEL Classification: E24, J21

Suggested Citation

  • Bodnár, Katalin & Le Roux, Julien, 2023. "Wage dynamics across euro area countries since the start of the pandemic," Economic Bulletin Boxes, European Central Bank, vol. 8.
  • Handle: RePEc:ecb:ecbbox:2023:0008:4
    Note: 2881411
    as

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    File URL: https://www.ecb.europa.eu//pub/economic-bulletin/focus/2023/html/ecb.ebbox202208_04~ece5feea7b.en.html
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    More about this item

    Keywords

    labour market; productivity; Wages;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

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