Cyclicality of Real Wages in the Euro Area and OECD Countries

Julian Messina, Chiara Strozzi (chiara.strozzi@unimore.it) and Jarkko Turunen

Chapter 2 in Labour Market Adjustments in Europe, 2006 from Edward Elgar Publishing

Abstract: The group of contributors in this book come from academia and international organizations in Europe and the USA. They focus on trade unions, which affect real-wage flexibility and the provision of training to workers. They also concentrate on employment protection legislation, which discourages firms from firing old workers and also from hiring new ones. The structure of housing market imperfections that can greatly affect regional mobility is also discussed.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2006
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