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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Wages and the Euro

Wages and the Euro

Horn, Gustav a.
Scheremet, Wolfgang
Zwiener, Rudolf

Paperback

Series: Contributions to Economics

EconomicsLaborSocial Movements

ISBN10: 3790811998
ISBN13: 9783790811995
Publisher: Springer Nature
Published: Apr 15 1999
Pages: 143
Weight: 0.55
Height: 0.38 Width: 6.15 Depth: 9.32
Language: English
With the abolition of exchange rates the role of wage formation in the European Monetary Union changes fundamentally and national economic policy in particular fiscal policy faces new restrictions. These are analysed in the first two chapters. A major impact is expected for wage formation. To achieve a convergence of economic developments wage finding has to follow in all EMU member countries basically the same rules. An empirical investigation using econometric methods show that this is presently not yet the case. In particular in the southern European countries wage finding is different from that in the rest of the EMU. Frequently the introduction of Euro is perceived as a signal to lower wages all over Europe to overcome the dismal employment situation. The book addresses the question whether such a race for lower wages is appropriate in terms of employment creation.

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