Structural Reforms for Growth and Cohesion
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Structural Reforms for Growth and Cohesion

Lessons and Challenges for CESEE Countries and a Modern Europe

Edited by Ewald Nowotny, Doris Ritzberger-Grünwald and Helene Schuberth

Effective and well-designed structural reforms are key to shaping Europe’s future in the context of the formidable challenges facing the continent today. This book examines the achievements and failures of past structural policies so that future ones can be adapted to address remaining and newly emerging challenges with greater success. Highlighting the social aspects and distributional effects of reforms that go beyond liberalization and deregulation, the book covers key issues facing future Europe, particularly those arising from technological innovation.
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Chapter 9: Labour market hierarchies and the unemployment_wage nexusin CESEE and in the EU

Paul Ramskogler

Abstract

Wage growth has become increasingly detached from real variables such as the unemployment rate or economic growth. In this chapter, it is shown that a consistent factor driving this development can be found in labour market dualities. Concretely, the author demonstrates that labour market dualities _ more precisely, the incidence of temporary contracts in an economy _ dampens wage growth. This is not a novel development. However, the dampening impact of wage growth has considerably increased for any given level of temporary contracts in an economy since the global financial crisis, arguably being linked to an increased fear of social decline triggered by the massiveness of the economic downturn. The major focus of this chapter is on Central, Eastern and Southeastern European (CESEE) economies, although the author shows that the effect also exists within the context of a broader sample of European Union economies.

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