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Findings from the European survey on wage-setting

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  • D. Cornille

    (National Bank of Belgium)

Abstract

The article presents the main results of the 2014 survey on European firms’ wage-setting practices over the period 2010-2013, within the framework of the Wage Dynamics Network (WDN), an ESC B research project network. The survey, which covers 25 countries, constitutes a very wide-ranging database that can shed some light on firms’ perception of the labour market, and on their reactions during the economic and financial crisis. It enables an analysis of the various channels for adjustment (wages, staff numbers, prices, etc.) open to firms when confronted with demand shocks or problems gaining access to finance. The article also identifies different domains where a number of rigidities are still being pointed up, despite the various labour market reforms that have been implemented over the period under review

Suggested Citation

  • D. Cornille, 2016. "Findings from the European survey on wage-setting," Economic Review, National Bank of Belgium, issue iii, pages 75-86, December.
    • Handle: RePEc:nbb:ecrart:y:2016:m:december:i:iii:p:75-86
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    References listed on IDEAS

    as
    1. Mario Izquierdo & Juan Francisco Jimeno & Theodora Kosma & Ana Lamo & Stephen Millard & Tairi Rõõm & Eliana Viviano, 2017. "Labour market adjustment in Europe during the crisis: microeconomic evidence from the Wage Dynamics Network survey," Occasional Papers 1704, Banco de España.
    2. M. Druant & Ph. Du Caju & Ph. Delhez, 2008. "Results of the Bank’s survey of wage-setting in Belgian firms," Economic Review, National Bank of Belgium, issue iii, pages 49-73, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    survey; wages; employment;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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