Findings from the European survey on wage-setting

D. Cornille
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D. Cornille: National Bank of Belgium

Economic Review, 2016, issue iii, 75-86

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

Keywords: survey; wages; employment (search for similar items in EconPapers)
JEL-codes: D21 E31 J31 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:nbb:ecrart:y:2016:m:december:i:iii:p:75-86

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