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such a mechanism can quantitatively account for the degree of real wage rigidity in the Bulgarian labor markets, as …
Persistent link: https://www.econbiz.de/10012242326
. Although there are also sectors with low wages, in which wage increases were insufficient according to this benchmark--such as … mainly responsible for the inadequate wage increases. These include, in particular, important industrial sectors producing … performance to develop in line with wages, the labor unions in these sectors need to implement a more aggressive wage policy …
Persistent link: https://www.econbiz.de/10010388872
Persistent link: https://www.econbiz.de/10012878404
For many years, only better-paid workers benefited from Germany’s real wage increases. In contrast, dependent employees … with lower hourly wages suffered substantial losses, while the low-wage sector expanded. Around 2010, these trends came to … an end. Now all wage groups benefit from wage increases-even if those in the middle of the distribution lag somewhat …
Persistent link: https://www.econbiz.de/10011650032
The Omicron wave of the coronavirus has impacted economies worldwide, resulting in a bleak winter. Although restrictions on economic and public life have been less severe than at the beginning of 2021 in many places-mainly due to the progress of vaccination campaigns-and there are prospects of...
Persistent link: https://www.econbiz.de/10013161604
Global recovery is progressing more slowly than was indicated in 2020 due to high coronavirus rates and related economic restrictions in Europe and Japan. Recently, a disparate picture has been forming: In the advanced economies, declining infection rates and continued progress in vaccination...
Persistent link: https://www.econbiz.de/10012586104
Recently, the coronavirus pandemic has caused economic developments in major economies to drift apart: While infection rates were declining and production was experiencing strong growth in places such as Europe and the United States in the second quarter of 2021, emerging economies were...
Persistent link: https://www.econbiz.de/10012631744
The coronavirus pandemic caused a global market crash in the first half of 2020. Following a massive slump of around four percent in the first quarter, global GDP decreased in the second by five percent. Lower rates of new infections, together with far-reaching monetary and fiscal policy...
Persistent link: https://www.econbiz.de/10012291931
The consequences of the ongoing 2020 coronavirus pandemic are leaving deep marks on the global economy. In the first quarter of 2020, global production sank by 15.5 percent over the course of the worldwide lockdown. Since containment measures in many countries were mainly implemented during the...
Persistent link: https://www.econbiz.de/10012251296
The German economy's upward growth trend continues, with the economic output expected to increase by 1.4 percent this year with slightly overloaded capacities. Employment growth remains strong with the creation of 600,000 new jobs, which has in turn led to an increase in private consumption -...
Persistent link: https://www.econbiz.de/10011629524