The Catch-up Process of Relative Wages in European Union New Member States
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Date
2012
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
SLOVAK ACADEMIC PRESS LTD
Access Rights
info:eu-repo/semantics/closedAccess
Abstract
In 2004, European Union underwent the largest single expansion, both in terms territory, number of states and population. After that, economic effects of accession for new member states have been studied with different aspects in European Union integration literature. This paper focus on labour market aspect and it is aimed to investigate the existence of catch-up process for eight EU new member states' relative wages. The relative wages are measured by a ratio of new member states to old member with Germany as a representative country and the convergence analysis is applied to testify the process of wage disparities. The results show the existence of convergence and that the wages in new member states have been closer to high-wage level countries' after joining EU.
Description
Keywords
wages, labour market, integration, convergence
Journal or Series
EKONOMICKY CASOPIS
WoS Q Value
Q4
Scopus Q Value
Q4
Volume
60
Issue
4
