Working papers, Department of Economics, WU (Wirtschaftsuniversität Wien)
Theorie optimaler Lohnräume. Zur Lohnpolitik in der Europäischen Währungsunion
Abstract: Wage policy and the structure of collective bargaining
systems have been neglected in the political and conomic discussions that
centered around the European Monetary Union (EMU) to an amazing extent.
Collective bargaining is one of the very few issues that have been
explicitly excluded from the Maastricht treaty as subject of European
regulation and only recently, wage policy under the conditions of a
European Monetary Union has been considered at closer range. Yet, this has
been done without putting the topic into a more general perspective. In
this paper, I want to expose a 'theory of optimal wage areas', taking
reference to Robert Mundell's seminal paper on 'optimum currency areas'. I
want to pose the question whether the European Union can be regarded as an
'optimum wage area' and what will be the consequences for EMU.
Keywords: Trade Unions; wage policy; European Monetary Union; (follow links to similar papers)
JEL-Codes: J50; F02; (follow links to similar papers)
PDF Document, paper in german
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