Wage setting in Hungary: evidence from a firm survey

Gabor Kezdi and István Kónya

No 2012/103, MNB Occasional Papers from Magyar Nemzeti Bank (Central Bank of Hungary)

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.

Keywords: wage setting; survey; wage dynamics network; Hungary (search for similar items in EconPapers)
JEL-codes: C83 J01 J30 (search for similar items in EconPapers)
Pages: 56 pages
Date: 2012
New Economics Papers: this item is included in nep-eur, nep-hme, nep-lab, nep-lma and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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http://www.mnb.hu/letoltes/op-103.pdf (application/pdf)

Related works:
Working Paper: Wage setting in Hungary: evidence from a firm survey (2011)
Journal Article: Wage setting in Hungary: evidence from a firm survey (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:mnb:opaper:2012/103

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