Financiarización, empleo y salario en la UE: el impacto de las nuevas estrategias empresariales

Ignacio Alvarez (nacho.alvarez@uam.es) and Fernando Luengo (fluengoe@ccee.ucm.es)
Additional contact information
Fernando Luengo: Universidad Complutense de Madrid, Instituto Complutense de Estudios Internacionales (ICEI), Investigador del grupo “Economía Política de la Mundialización”

No 1004, Working Papers del Instituto Complutense de Estudios Internacionales from Universidad Complutense de Madrid, Instituto Complutense de Estudios Internacionales

Abstract: The aim of this paper is to analyze how the process of financialization experienced by the EU economies since 1980, has changed the strategies of large non-financial corporations, thereby altering the pattern of wage growth and job creation. To this end, we analyze the link between financialization and the changes occurred in the distribution of profits, investment decisions, corporate restructuring and new forms of remuneration related to employee shareholding participation. This change in business strategies has resulted –directly or indirectly– in slower rates of job creation, erosion of bargaining power of employees and greater wage restraint.

Keywords: Financialization; European Social Model; Employee shareholding; Wage; Employment; Financiarización; Accionariado asalariado; Modelo social europeo; Salario; Empleo. (search for similar items in EconPapers)
Pages: 31 pages
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
https://eprints.ucm.es/id/eprint/10599/1/WP_04-10.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ucm:wpaper:1004

Ordering information: This working paper can be ordered from
Instituto Complutense de Estudios Internacionales. Finca Mas Ferre Campus de Somosaguas 28223 Madrid

Access Statistics for this paper

More papers in Working Papers del Instituto Complutense de Estudios Internacionales from Universidad Complutense de Madrid, Instituto Complutense de Estudios Internacionales Contact information at EDIRC.
Bibliographic data for series maintained by Águeda González Abad (buc_cee@ucm.es).