The contribution of wage developments to labour market performance

The contribution of wage developments to labour market performance (EUROPEAN ECONOMY. Special Report. No. 1. 2005. Office for Official Publications of the EC. KC-AF-05-001-EN-C; ISBN 92-894-9039-X; ISSN 1684-033X.)

This report examines the short- and long-run wage-price setting mechanisms in the European Union (EU), their main determinants and the impact on employment and unemployment in order to achieve a better understanding of the cyclical pattern and the absorption of nominal and real shocks which can be potential sources of divergence across EU Member States.