Wage Drift and Wage Differentials in Manufacturing since 1981
During the boom years of the 1960s and 1970s wage drift (the difference between growth rates of wages and salaries actually paid and wage increases as negotiated by unions in collective bargaining) was strongly positive in Austria's manufacturing industry. This trend was reversed during the recession of 1974-75; since then, only briefly interrupted by a peak in the early 1980s, wage drift has been negative for the manufacturing sector as a whole. This phenomenon can be observed for most branches of manufacturing as well. These changes have, however, not levelled wage differentials. On the contrary, wage disparity has risen for wage as well as for salary earners during the period from 1981 to 1998.
Year of publication: |
2001
|
---|---|
Authors: | Pollan, Wolfgang |
Published in: |
WIFO Monatsberichte (monthly reports). - Österreichisches Institut für Wirtschaftsforschung (WIFO), ISSN 0029-9898. - Vol. 74.2001, 3, p. 179-187
|
Publisher: |
Österreichisches Institut für Wirtschaftsforschung (WIFO) |
Subject: | Lohndrift und Lohnunterschiede in der Industrie seit 1981 | Wage Drift and Wage Differentials in Manufacturing since 1981 |
Description of contents: | Abstract [wifo.ac.at] |
Saved in:
Saved in favorites
Similar items by person
-
Wage Trends and Wage Differentials in Manufacturing since 2000
Leoni, Thomas, (2011)
-
Inflation Persistence or the Protracted Effects of Commodity Price Changes?
Pollan, Wolfgang, (2013)
-
Incomes Policies, Expectations and the NAIRU
Pollan, Wolfgang,
- More ...