Wage setting in Hungary: evidence from a firm survey

Gabor Kezdi and István Kónya

No 1378, Working Paper Series from European Central Bank

Abstract: This paper presents new evidence on the flexibility of the Hungarian labor market, with special emphasis on wages. The results are based on a new survey on wage setting among Hungarian firms. The survey is part of the Eurosystem Wage Dynamics Network (WDN), and it is a harmonized questionnaire administered in 17 countries in Europe, including almost all Euro Area countries as well as five Central and Eastern European countries. The survey results show that the Hungarian labor market, while institutionally flexible, appears to be surprisingly rigid. The survey evidence points to low turnover and possibly more rigid wages than previously thought. JEL Classification: C83, J01, J30

Keywords: Hungary; survey; wage dynamics network; wage setting (search for similar items in EconPapers)
Date: 2011-09
New Economics Papers: this item is included in nep-hme, nep-lab, nep-lma and nep-tra
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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Wage setting in Hungary: evidence from a firm survey (2012)
Journal Article: Wage setting in Hungary: evidence from a firm survey (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbwps:20111378

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