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Wage dynamics in Europe: some new findings

Author

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  • Ana Lamo
  • Frank Smets

Abstract

The response of wages to the sharp contraction in economic activity during the recent crisis has been very subdued in the euro area. The research summarised in this article uncovers some features of wage setting in Europe that contribute to the aggregate degree of wage rigidity. JEL Classification: E2

Suggested Citation

  • Ana Lamo & Frank Smets, 2010. "Wage dynamics in Europe: some new findings," Research Bulletin, European Central Bank, vol. 10, pages 2-5.
    • Handle: RePEc:ecb:ecbrbu:2010:0010:1
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    File URL: http://www.ecb.europa.eu/pub/pdf/other/researchbulletin10en.pdf
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    References listed on IDEAS

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    Cited by:

    1. García-Cabo, Joaquín & Lipińska, Anna & Navarro, Gastón, 2023. "Sectoral shocks, reallocation, and labor market policies," European Economic Review, Elsevier, vol. 156(C).
    2. Joaquín García-Cabo & Joaquín Anna Lipińska & Gastón Navarro, 2023. "Sectoral shocks, reallocation, and labor market policies," BIS Working Papers 1095, Bank for International Settlements.
    3. Joaquin Garcia-Cabo & Anna Lipinska & Gaston Navarro, 2022. "Sectoral Shocks, Reallocation, and Labor Market Policies," International Finance Discussion Papers 1361, Board of Governors of the Federal Reserve System (U.S.).

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    More about this item

    Keywords

    wage structure;

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment

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