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Dr. Thorsten Schulten

Current Trends in Collectively Agreed Wages and Wage Drift in Europe Results from the CAWIE-Project. Dr. Thorsten Schulten . TURI-Network/CAWIE-Project Collectively agreed wages in Europe: Challenges in the statistical and political field - European policy conference

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Dr. Thorsten Schulten

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  1. Current Trends in Collectively Agreed Wages and Wage Drift in EuropeResults from the CAWIE-Project Dr. Thorsten Schulten TURI-Network/CAWIE-Project Collectively agreed wages in Europe: Challenges in the statistical and political field - European policy conference Brussels, 29 November 2012 e

  2. Content Development of collectively agreed wages in relation to prices and productivity Collectively agreed and effective wages (Wage drift) Outlook: Collectively agreed wages in the new European Economic governance 2 2 Dr. Thorsten Schulten

  3. Collectively agreed wages in the Eurozone, in % ECB Indicator of Negotiated Wages 3 Dr. Thorsten Schulten

  4. Collectively agreed wages and nominal compensation in the Eurozone, in % 4 Dr. Thorsten Schulten

  5. Bargaining Coverage in Europe 2007-2010, in % of all employees 5 Dr. Thorsten Schulten

  6. Collectively agreed wages 2001-2010 total economy, nominal, 2000 = 100 6 Dr. Thorsten Schulten

  7. Collectively agreed wages 2003-2010 total economy, nominal, 2002 = 100 7 Dr. Thorsten Schulten

  8. Collectively agreed wages 2001-2010 total economy, real, 2000 = 100 8 Dr. Thorsten Schulten

  9. Collectively agreed wages (real values) and productivity 2001-2010 total economy, 2000 = 100 9 Dr. Thorsten Schulten

  10. Collectively agreed wages 2001-2010, 2000 = 100 10 Dr. Thorsten Schulten

  11. Collectively agreed wages 2001-2010, 2000 = 100 11 Dr. Thorsten Schulten

  12. Collectively agreed wages 2001-2010, 2000 = 100 12 Dr. Thorsten Schulten

  13. Collectively agreed wages 2001-2010, 2000 = 100 13 Dr. Thorsten Schulten

  14. Wage drift Difference between increase in collectively agreed and effective wages • Business cycle: labour market conditions • Working time: overtime, short-time work • Composition effects: Structure of employment (part time, composition of pay grades) • Institutional factors: Bargaining coverage, Levels of agreements, derogation clauses 14 Dr. Thorsten Schulten

  15. Wage Drift Collectively agreed wages and nominal compensation, 2001-2010, 2000 = 100 15 Dr. Thorsten Schulten

  16. Wage Drift in Finland Collectively agreed and effective wages, in% 16 Dr. Thorsten Schulten

  17. Wage Drift in Germany Collectively agreed and effective wages, in% 17 Dr. Thorsten Schulten

  18. Conclusion: Collectively agreed wages in the 2000s • Collective agreed wages determine overall development of wages and labour costs • Strong differences for nominal increase, but less for real wage growth • Very moderate wage developments with low real increase far behind productivity growth • Wage drift an expression for flexibility in the wage setting system • Permanent negative wage drift (Germany) as an indicator for the malfunction of the bargaining system 18 Dr. Thorsten Schulten

  19. Outlook: Collectively agreed wages and the new European Economic governance • Wages as the central adjustment variable for competitiveness (Euro-Plus Pact) ? • European coordination of wage developments in European semester? • European-wide reconstruction of wage setting system in order to promote downward wage flexibility? 19 Dr. Thorsten Schulten

  20. Destruction of collective bargaining? • “Employment friendly reform”: • decrease bargaining coverage • decrease extension of collective agreements. • reform the bargaining system in a less centralized way, • removing or limiting the "favourability principle", • introducing/extending the possibility to´derogate from higher level agreements • overall reduction in the wagesetting power of trade unions. 20 20 Dr. Thorsten Schulten

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