scholarly journals German Wage Moderation and European Imbalances: Feeding the Global VAR with Theory

2018 ◽  
Vol 51 (2-3) ◽  
pp. 617-653
Author(s):  
TIMO BETTENDORF ◽  
MIGUEL A. LEÓN‐LEDESMA
Keyword(s):  
Wage Moderation ◽  
Global Var

How Has the Middle Fared in the Netherlands? A Tale of Stagnation and Population Shifts

2018 ◽  
Author(s):  
Wiemer Salverda ◽  
Stefan Thewissen
Keyword(s):  
The Netherlands ◽  
Labour Force ◽  
Labour Force Participation ◽  
Real Income ◽  
Female Labour ◽  
Wage Moderation ◽  
Institutional Structures ◽  
Real Increase ◽  
Dual Income ◽  
Household Incomes

This chapter sets out how inequality and real incomes across the distribution evolved in the Netherlands from the late 1970s through the economic Crisis. Inequality grew, though not dramatically, while wages showed remarkably little real increase. This meant that real income increases for households relied for the most part on the growth in female labour-force participation and in dual-income couples. The chapter highlights the major changes in population and household structures that underpinned the observed changes in household incomes at different points in the distribution. It also sets out key features of the institutional structures in the labour market and broader welfare state, and the centrality of the priority given to wage moderation and the maintenance of competitiveness in the growth model adopted throughout the period.

Retail jobs in the Netherlands: Low pay in a context of long-term wage moderation

2009 ◽  
Vol 148 (4) ◽  
pp. 413-438 ◽  
Author(s):  
Maarten VAN KLAVEREN ◽  
Wiemer SALVERDA ◽  
Kea TIJDENS
Keyword(s):  
The Netherlands ◽  
Wage Moderation ◽  
Low Pay

scholarly journals The Caribbean and its Linkages with the World

2019 ◽  
Vol 2019 (256) ◽  
Author(s):  
Mauricio Vargas ◽  
Daniela Hess
Keyword(s):  
Global Economy ◽  
Caribbean Region ◽  
Financial Variables ◽  
The World ◽  
Trading Partners ◽  
Global Var ◽  
The Caribbean ◽  
Using Data ◽  
The Impact ◽  
The U.S

Using data from 1980-2017, this paper estimates a Global VAR (GVAR) model taylored for the Caribbean region which includes its major trading partners, representing altogether around 60 percent of the global economy. We provide stilyzed facts of the main interrelations between the Caribbean region and the rest of the world, and then we quantify the impact of external shocks on Caribbean countries through the application of two case studies: i) a change in the international price of oil, and ii) an increase in the U.S. GDP. We confirmed that Caribbean countries are highly exposed to external factors, and that a fall in oil prices and an increase in the U.S. GDP have a positive and large impact on most of them after controlling for financial variables, exchange rate fluctuations and overall price changes. The results from the model help to disentangle effects from various channels that interact at the same time, such as flows of tourists, trade of goods, and changes in economic conditions in the largest economies of the globe.

Industrial Relations and Inequality in the EU

2021 ◽  
pp. 452-485
Author(s):  
Gerhard Bosch
Keyword(s):  
Industrial Relations ◽  
Negative Effects ◽  
Wage Setting ◽  
Wage Policy ◽  
Nation States ◽  
Wage Moderation ◽  
Wage Increases ◽  
Key Indicators ◽  
Distribution Of Income ◽  
The Eu

This chapter begins with a summary, based on a number of key indicators, of the evolution of industrial relations in Europe. The fundamental importance for the primary distribution of income of minimum wages and collective agreements is explained. The example of the interactions between minimum and collectively agreed wages is used to develop a typology of the various wage-setting ‘architectures’ in the EU. In a monetary union the debate on the appropriate wage policy cannot be conducted on a country by country basis. Wage moderation or expansive wage increases can have both positive and negative effects on other countries. Finally, the interventions by nation states and the Troika in collective bargaining systems will be investigated.

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