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Pay-setting Systems in Europe: On-going Development and Possible Reforms

LarsCalmfors, GiancarloCorsetti, SeppoHonkapohja, JohnKay, WilliLeibfritz, GillesSaint-Paul, Hans-WernerSinn and XavierVives
Authors registered in the RePEc Author Service: Hans-Werner Sinn (), Seppo Mikko Sakari Honkapohja (), Gilles Saint-Paul (), Giancarlo Corsetti (), Lars Calmfors and Xavier Vives ()

EEAG Report on the European Economy, 2004, 61-83

Abstract: This chapter analyses current pay-setting arrangements in Europe as well as the prospect of reform. It reviews the positive experience of many small European countries that have achieved real wage moderation through co-ordinated collective bargaining as well as the experience of countries where the achievements of collective bargaining are arguably much less positive. In either case, European countries would benefit from more diversity in relative wages.

Date: 2004
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