Have Europe’s labour markets become more flexible? An exercise in measuring the relative flexibility of wages across countries and time

Andrew Hughes Hallett, Christian Richter and Xiaoshan Chen
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Xiaoshan Chen: Loughborough University

Chapter 7 in Economic Spillovers, Structural Reforms and Policy Coordination in the Euro Area, 2008, pp 203-232 from Springer

Abstract: Abstract Wage and price flexibility, and the structural and institutional reforms required to induce this kind of flexibility, have now become the leading economic issue in Europe. This is not a new development. It has long been argued that structural reforms were a necessary condition for a successful monetary union (Delors, 1989). Nor has this gone unrecognised within Europe itself. The Lisbon Agenda, agreed in 2000, was introduced precisely to create greater market flexibility.

Keywords: Business Cycle; Structural Break; Euro Area; Wage Growth; Short Time Fourier Transform (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1007/978-3-7908-1970-0_7

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