Wages in the Crisis

Rory O'Farrell: The European Trade Union Institute has brought out a working paper on the impact of the crisis on wages in Europe (this is perhaps shameless self promotion as I wrote the paper).

It can be downloaded for free from here.

Though a lot of the data for Ireland is not available, the last section on international competitiveness is relevant to Ireland. Relative to Germany we did not lose wage competitiveness in the export driven manufacturing sector, and the role of non-wage costs to business is highlighted.

Posted in: Economics • Fiscal policy • Fiscal policy

Tagged with: subsidies on wages • international competitiveness • crisis

Dr Rory O'Farrell     @r_o_farrell

Rory O'Farrell is an economist lecturing in TU Dublin. He previously worked for the OECD and for NERI.