scholarly journals An investigation into the sources of fluctuation in real and nominal wage rates in eight EU countries: A structural VAR approach

2006 ◽  
Vol 34 (2) ◽  
pp. 357-376 ◽  
Author(s):  
Tomoe Moore ◽  
Eric J. Pentecost
Keyword(s):  
Structural Var ◽  
Nominal Wage ◽  
Eu Countries ◽  
Wage Rates

Wage developments in candidate countries

2003 ◽  
Vol 9 (1) ◽  
pp. 50-63
Author(s):  
Béla Galgóczi ◽  
Emmanuel Mermet
Keyword(s):  
Economic Performance ◽  
Purchasing Power Parity ◽  
Labour Productivity ◽  
Nominal Wage ◽  
Gdp Growth ◽  
Eastern European ◽  
Power Parity ◽  
Real Wages ◽  
Eu Countries ◽  
Basic Approaches

This article examines wage developments in 1990-2000 in the central and eastern European candidate countries. Two basic approaches are used: a comparison of wage levels in these countries with wages in EU countries and an examination of the development of wages in relation to other indicators of economic performance in the countries observed. Nominal wage levels were found to be 17% of EU levels whereas wage levels at purchasing power parity were found to be 39% of EU levels. The authors conclude that real wages in the period between 1992 and 2000 lagged substantially behind labour productivity and, in most countries, also behind GDP growth.

scholarly journals Comparing Real Wage Rates

2012 ◽  
Vol 102 (2) ◽  
pp. 617-642 ◽  
Author(s):  
Orley Ashenfelter
Keyword(s):  
Great Recession ◽  
Real Wage ◽  
Wage Rate ◽  
Preliminary Analysis ◽  
Living Standards ◽  
Nominal Wage ◽  
Important Indicator ◽  
The Great Recession ◽  
Wage Rates ◽  
Real Wage Rate

A real wage rate is a nominal wage rate divided by the price of a good and is a transparent measure of how much of the good an hour of work buys. It provides an important indicator of the living standards of workers, and also of the productivity of workers. In this paper I set out the conceptual basis for such measures, provide some historical examples, and then provide my own preliminary analysis of a decade long project designed to measure the wages of workers doing the same job in over 60 countries—workers at McDonald's restaurants. The results demonstrate that the wage rates of workers using the same skills and doing the same jobs differ by as much as 10 to 1, and that these gaps declined over the period 2000–2007, but with much less progress since the Great Recession. (JEL C81, C82, D24, J31, N30, O57)

scholarly journals How Prevalent Is Downward Rigidity in Nominal Wages? International Evidence from Payroll Records and Pay Slips

2019 ◽  
Vol 33 (3) ◽  
pp. 185-201 ◽  
Author(s):  
Michael W. L. Elsby ◽  
Gary Solon
Keyword(s):  
Nominal Wage ◽  
Household Surveys ◽  
Reporting Error ◽  
International Evidence ◽  
Wage Rates ◽  
High Inflation ◽  
One Year ◽  
Wage Cuts ◽  
Very High ◽  
Contrary Evidence

For more than 80 years, many macroeconomic analyses have been premised on the assumption that workers’ nominal wage rates cannot be cut. Contrary evidence from household surveys reasonably has been discounted on the grounds that the measurement of frequent wage cuts might be an artifact of reporting error. This article summarizes a more recent wave of studies based on more accurate wage data from payroll records and pay slips. By and large, these studies indicate that, except in extreme circumstances (when nominal wage cuts are either legally prohibited or rendered beside the point by very high inflation), nominal wage cuts from one year to the next appear quite common, typically affecting 15–25 percent of job stayers in periods of low inflation.

Forming an effective financial and investment environment in the eu countries-experience for Ukraine

2019 ◽  
pp. 4-13
Author(s):  
Ryzhyuk Yevgeny
Keyword(s):  
Banking System ◽  
Executive Branch ◽  
Investment Environment ◽  
Financial Investment ◽  
Eu Countries ◽  
Currency Exchange ◽  
Clearing System ◽  
Financial Infrastructure ◽  
Supranational Level ◽  
The Eu

The subject of the research is a set of institutional institutions and organizational and managerial relations that effectively regulate the financial and investment environment in the EU countries, comparing them with Ukrainian realities.The goal of writing this article is to develop practical and scientific-methodicalrecommendations on how to increase the efficiency of using financial and investment potential based on the experience of EU countries. The methodology of thework-system-structural and comparative studies (to understand the logic of thefunctioning of institutions that form the investment environment and the mechanisms of their interaction); monographic analysis (in studying the problems ofattracting investors); historical and economic analysis (in assessing the state andprospects of the European, as well as the Ukrainian economy). Results of work -it is revealed that modern European regulators are aimed at forming a holisticinvestment and financial infrastructure and investment platform at the supranational level. It was proposed to carry out further liberalization of currency regulation in Ukraine in order to transform it into a convenient and efficient electronicautomated currency exchange system and introduce the integration of the domestic depository system into the international depositary clearing system Clearstream.It was noted that the financial and investment environment in Ukraine is blockedand domestic monopolies are interested in this, thanks to lobbying in the Verkhovna Rada of Ukraine and in the executive branch they have distorted financial,investment and currency legislation for their interests and needs. Conclusions-thepresence of a holistic investment and financial infrastructure in the EU countriesis due to the gradual convergence and unification of legislation at the nationallevel to the supranational level. In addition, it is reasonably high investment positions of Ireland in the world and it was proposed to use this experience to createa favorable financial and investment environment in Ukraine. Note that the formation of the financial and investment environment in Ukraine according to European standards is hampered by: oligarchic monopolies, which parasitizes mainly onnatural monopolies; government corruption; confusing and incomprehensible legislation for investors; high tax rates and tax administration system; instability ofthe banking system, the risks of hryvnia devaluation; the insecurity of landagrarian relations; as well as armed conflict in the east of Ukraine.

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