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Why Central and Eastern Europe Needs a Pay Rise

30 Pages Posted: 10 May 2017  

Béla Galgoczi

European Trade Union Institute (ETUI)

Date Written: May 9, 2017

Abstract

This working paper looks at wage developments in central and eastern Europe (CEE) over the past twenty years and shows that wages are not only low compared to western Europe but, as demonstrated by a number of variables, also tend to be lower than what the economic potential of these countries would allow for. It demonstrates that from the mid-90s until the crisis in 2008, wages in these countries caught up with wages in western Europe, but then came to a halt or even slowed down substantially.

Keywords: wages; wage increase; low wages; economic model; Central Europe; Eastern Europe

Suggested Citation

Galgoczi, Béla, Why Central and Eastern Europe Needs a Pay Rise (May 9, 2017). ETUI Research Paper - Working paper 2017.01. Available at SSRN: https://ssrn.com/abstract=2965393 or http://dx.doi.org/10.2139/ssrn.2965393

Béla Galgoczi (Contact Author)

European Trade Union Institute (ETUI) ( email )

B-1210 Brussels
Belgium

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