Risks of colossal wage growth : policy puzzle no.1

TKALEC, Igor

doi:10.2870/723650

Risks of colossal wage growth : policy puzzle no.1

dc.contributor.author	TKALEC, Igor
dc.date.accessioned	2020-04-23T22:26:15Z
dc.date.available	2020-04-23T22:26:15Z
dc.date.issued	2020
dc.description.abstract	Wages largely depend on productivity and directly reflect an economy’s income capacity. A prominent measure of wage growth is labour compensation per hour worked. Macroeconomic foundations including GDP growth, competitiveness, and consolidated public finances as well as productivity are vital for sustainable and “risk-free” wage growth. In 2018, Romania – one of the fastest-growing economies in the EU – experienced sizeable wage growth of 16.28%. The increase in labour productivity did not follow the pace of wage growth.	en
dc.format.mimetype	application/pdf	en
dc.identifier.doi	10.2870/723650
dc.identifier.isbn	9789290848301
dc.identifier.issn	2467-4540
dc.identifier.uri	https://hdl.handle.net/1814/66883
dc.language.iso	en	en
dc.orcid.upload	true	*
dc.publisher	European University Institute	en
dc.relation.ispartofseries	Policy Briefs	en
dc.relation.ispartofseries	2020/17	en
dc.relation.ispartofseries	Global Governance Programme	en
dc.relation.ispartofseries	GlobalStat	en
dc.relation.ispartofseries	[Knowledge, Governance, Transformations]
dc.relation.uri	https://globalgovernanceprogramme.eui.eu	en
dc.rights	info:eu-repo/semantics/openAccess	en
dc.subject.other	Economic development	en
dc.subject.other	GlobalStat	en
dc.subject.other	Measurement	en
dc.subject.other	Trade, investment and international cooperation	en
dc.title	Risks of colossal wage growth : policy puzzle no.1	en
dc.type	Other	en
dspace.entity.type	Publication
person.identifier.orcid	0000-0002-5385-5219
person.identifier.other	44845
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