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Lohnimpulse und Wirtschaftswachstum — eine Simulationsanalyse für die Eurozone

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  • Jan Limbers
  • Thieß Petersen
  • Michael Böhmer

Abstract

Since the global financial and economic crisis, the question has arisen whether a policy of wage restraint could lead the European crisis countries back onto a more stable growth path. Using simulation calculations for varying wage setting strategies in Europe through 2030, the advantages and disadvantages of such a scenario can be discussed. One of the main findings is that temporary wage restraint in the economically weak countries only works as a means to regaining competitiveness if accompanied by other economic policies at the European level. These policies include higher wage growth in the economically stronger countries, transfer payments to foster investments and the acceptance of higher inflation rates in the eurozone. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2016

Suggested Citation

  • Jan Limbers & Thieß Petersen & Michael Böhmer, 2016. "Lohnimpulse und Wirtschaftswachstum — eine Simulationsanalyse für die Eurozone," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 96(2), pages 122-127, February.
    • Handle: RePEc:spr:wirtsc:v:96:y:2016:i:2:p:122-127
    DOI: 10.1007/s10273-016-1936-x
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    More about this item

    Keywords

    C15; F45; J30;
    All these keywords.

    JEL classification:

    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General

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