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Wage dynamics in Europe: some new findings

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  • Ana Lamo
  • Frank Smets

Abstract

The response of wages to the sharp contraction in economic activity during the recent crisis has been very subdued in the euro area. The research summarised in this article uncovers some features of wage setting in Europe that contribute to the aggregate degree of wage rigidity. JEL Classification: E2

Suggested Citation

  • Ana Lamo & Frank Smets, 2010. "Wage dynamics in Europe: some new findings," Research Bulletin, European Central Bank, vol. 10, pages 2-5.
    • Handle: RePEc:ecb:ecbrbu:2010:0010:1
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    File URL: https://www.ecb.europa.eu/pub/pdf/other/researchbulletin10en.pdf
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    Cited by:

    1. García-Cabo, Joaquín & Lipińska, Anna & Navarro, Gastón, 2023. "Sectoral shocks, reallocation, and labor market policies," European Economic Review, Elsevier, vol. 156(C).

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    More about this item

    Keywords

    wage structure;

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment

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