Europäischer Tarifbericht des WSI – 2018 / 2019: Positive Tariflohnentwicklung stabilisiert Wachstum in Europa

Malte Lübker
Authors registered in the RePEc Author Service: Malte Luebker

WSI-Mitteilungen, 2019, vol. 72, issue 4, 278-289

Abstract: Within the European Union nominal wages grew by 2.8 per cent in 2018, a considerably higher rate of growth than in prior years and wage growth is set to continue almost unabated in the current year. In the eurozone, wages received a boost from a 2.0 per cent increase in negotiated wage rates last year, the largest gain in five years. Despite above-average increases in most eastern European countries, large differences in pay levels persist across Europe ; annual compensation of employees ranges from € 9,100 (Bulgaria) to € 70,000 (Luxembourg). Despite a weaker economic outlook, further wage growth remains imperative as it strengthens domestic demand. It is also an important precondition for higher inflation expectations and hence a normalisation of the ECB’s monetary policy. However, collective bargaining first and foremost serves social and distributional objectives. Strengthening Europe’s collective bargaining institutions could be an important contribution towards addressing the concerns regarding social injustice that are voiced by citizens across the EU.

Date: 2019
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DOI: 10.5771/0342-300X-2019-4-278

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