Institutions and Wage Formation in the New Europe addresses the
role played by institutions in European wage formation with a focus
on EMU and institutional change in labour markets. Under this
general heading there are three broad but distinct themes. The
first emphasises the role of institutions in affecting the
dispersion of wages across occupational, age, skill, and industry
and employment contract categories. The contributors make clear the
profound effect that European institutions can have in influencing,
and in most cases compressing, such pay differentials with
consequent implications for the employment prospects of certain
segments of the labour force. The second theme is the explanation
for recent wage moderation in Europe. The contributions under this
theme stress the role of developments in the bargaining systems of
European countries and the presence of a number of temporary or
specific factors, which have helped to bring about pay moderation.
The final theme is the extent to which institutions are changing
within Europe in the light of EMU and the adoption of new business
practices. This book will appeal to academics with an interest in
labour markets and EMU issues, and also industrial relations
specialists with an interest in institutional topics.
General
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