Labour Costs and Wage Policy Within EMU

01-03-1999

Developments in the labour market are perhaps crucial to the long-term success of EMU. This study analyses nominal and real wage convergence, the share of wages in national income, wage costs as a whole, and regional developments, and reaches a number of conclusions about the way in which these will be affected by monetary union.

Developments in the labour market are perhaps crucial to the long-term success of EMU. This study analyses nominal and real wage convergence, the share of wages in national income, wage costs as a whole, and regional developments, and reaches a number of conclusions about the way in which these will be affected by monetary union.

Εξωτερικός συντάκτης

Daniel Gros, Carsten Hefeker