Using industry level data for eight European countries, we present empirical evidence of poor wage performance in the two decades straddling the millennium. There was a real wage decline in many sectors and we examine its inequality-enhancing effect. A theoretical framework is proposed and assessed in order to understand this evolution of wages, identifying their main determinants. We investigate the role played by different types of innovation, increasing international openness, demand, norms limiting competition and employment change. The results are consistent with our thesis that technology and globalization shape the bargaining power of workers; increasing wages are found in industries characterized by product innovation, while process innovation and greater international openness are associated to a reduction of real wages. © 2009 Taylor & Francis.

(2009). Poorer Workers. The Determinants of wage Formation in Europe [journal article - articolo]. In INTERNATIONAL REVIEW OF APPLIED ECONOMICS. Retrieved from https://hdl.handle.net/10446/243530

Poorer Workers. The Determinants of wage Formation in Europe

Bogliacino, Francesco
2009-01-01

Abstract

Using industry level data for eight European countries, we present empirical evidence of poor wage performance in the two decades straddling the millennium. There was a real wage decline in many sectors and we examine its inequality-enhancing effect. A theoretical framework is proposed and assessed in order to understand this evolution of wages, identifying their main determinants. We investigate the role played by different types of innovation, increasing international openness, demand, norms limiting competition and employment change. The results are consistent with our thesis that technology and globalization shape the bargaining power of workers; increasing wages are found in industries characterized by product innovation, while process innovation and greater international openness are associated to a reduction of real wages. © 2009 Taylor & Francis.
articolo
2009
Bogliacino, Francesco
(2009). Poorer Workers. The Determinants of wage Formation in Europe [journal article - articolo]. In INTERNATIONAL REVIEW OF APPLIED ECONOMICS. Retrieved from https://hdl.handle.net/10446/243530
File allegato/i alla scheda:
File Dimensione del file Formato  
Bogliacino IRAE 2009.pdf

Solo gestori di archivio

Versione: publisher's version - versione editoriale
Licenza: Licenza default Aisberg
Dimensione del file 134.4 kB
Formato Adobe PDF
134.4 kB Adobe PDF   Visualizza/Apri
Pubblicazioni consigliate

Aisberg ©2008 Servizi bibliotecari, Università degli studi di Bergamo | Terms of use/Condizioni di utilizzo

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10446/243530
Citazioni
  • Scopus 6
  • ???jsp.display-item.citation.isi??? ND
social impact