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[IWS] EIRO: CHANGES TO WAGE-SETTING MECHANISMS IN THE CONTEXT OF THE CRISIS AND EU's NEW ECONOMIC GOVERNANCE REGIME [18 June 2014]
IWS Documented News Service
Institute for Workplace Studies-----------------Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor--------------------Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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European Foundation for the Improvement of Living and Working Conditions (Dublin Foundation)
European Industrial Relations Observatory (EIRO)
CHANGES TO WAGE-SETTING MECHANISMS IN THE CONTEXT OF THE CRISIS AND EU's NEW ECONOMIC GOVERNANCE REGIME [18 June 2014]
[full-text, 48 pages]
This report explores the impact of the crisis on wage-setting mechanisms in the 28 EU Member States plus Norway. It also examines the impact of the EU’s new economic governance regime – specifically the requirements of the country-specific recommendations and Memoranda of Understanding – on wage-setting mechanisms. It looks at changes in wage bargaining levels, the extent of horizontal coordination across bargaining units, links between the different levels involved in wage setting, minimum wage-setting and indexation mechanisms, and the volume and duration of collective wage agreements. The report examines the factors influencing changes, chiefly economic and political ones, and addresses the role of different institutional actors in initiating and implementing changes, including the social partners, national governments and the European and international institutions. Overall, the extent and consequences of change in wage setting has been greatest among the countries receiving financial assistance packages from the troika of European and international institutions.
The study was compiled on the basis of individual national reports submitted by the EIRO correspondents. The text of each of these national reports is available below. The reports have not been edited or approved by the European Foundation for the Improvement of Living and Working Conditions. The national reports were drawn up in response to a questionnaire and should be read in conjunction with it.
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