 Wage setting in Hungary: evidence from a firm surveyMNB Bulletin (discontinued), 2009, vol. 4, issue 3, 20-26 Abstract: We document results from a survey of wage setting in Hungarian enterprises. The survey was developed and coordinated by the Eurosystem Wage Dynamics Network, and it was administered in 17 European countries; this allows us to put the Hungarian findings in context. The main conclusion from the survey is that while Hungarian firms operate in a quite flexible institutional environment, their wage setting practices are relatively rigid. In its wage setting outcomes, Hungary shares more similarities with Western European countries than with countries in the Central and Eastern European region. The survey provides strong evidence that the observed wage setting behaviour can be explained by internal factors related to employee motivation, perceived fairness, and firms’ desire to maintain a desired wage distribution. Keywords: wage setting; survey; Hungary; Wage Dynamics Network. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:mnb:bullet:v:4:y:2009:i:3:p:20-26 Access Statistics for this article More articles in MNB Bulletin (discontinued) from Magyar Nemzeti Bank (Central Bank of Hungary) Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.