Poorer Workers. The Determinants of wage Formation in Europe

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review

Abstract

Using industry level data for eight European countries, we present empirical evidence of poor wage performance in the two decades straddling the millennium. There was a real wage decline in many sectors and we examine its inequality-enhancing effect. A theoretical framework is proposed and assessed in order to understand this evolution of wages, identifying their main determinants. We investigate the role played by different types of innovation, increasing international openness, demand, norms limiting competition and employment change. The results are consistent with our thesis that technology and globalization shape the bargaining power of workers; increasing wages are found in industries characterized by product innovation, while process innovation and greater international openness are associated to a reduction of real wages. © 2009 Taylor & Francis.
Lingua originaleEnglish
pagine (da-a)327-343
Numero di pagine17
RivistaInternational Review of Applied Economics
Volume23
DOI
Stato di pubblicazionePubblicato - 2009

Keywords

  • Efficiency wages
  • Wage inequality
  • Innovation
  • Globalization

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