Search Results - subject:"Wage Moderation"

Wage Moderation Does Not Work: Unemployment in Europe

Stockhammer, Engelbert - In: Review of Radical Political Economics 39 (2007) 3, pp. 391-397

Orthodox economics blames rigid labor markets and, consequently, high wages for high and persistent unemployment in the euro-area. This is at odds with stylized facts. Unemployment has remained high despite the fact that wage shares have fallen substantially since 1980. Wages moderation has...

Persistent link: https://www.econbiz.de/10011137419

The need for economic policy coordination between Europe, Japan, and the United States: Policy recommendations for the 1990s

Knoester, Anthonie; Kolodziejak, André - In: Open Economies Review 5 (1994) 4, pp. 327-346

lower direct taxes, public spending cuts, and wage moderation; for Japan a more expansionary fiscal policy is feasible. For …. In addition, for all three blocks a swap between tax reduction and wage moderation is recommended. Copyright Kluwer …

Persistent link: https://www.econbiz.de/10005715007