Which factors shape the relationship between manufacturing and government wages?
Marzinotto, Benedicta & Turrini, Alessandro. The link between public- and private-sector cοmpensation has important implications for the labour market and price competitiveness. This column reports that manufacturing and government wages co-move both in the long and short run, but that the long-run co-movement is much stronger where the government is an important employer. This co-movement tends […]
Investing for Europe’s Future
Mateusz, Szczurek. The ‘lost decade’ is not a scenario for the EU, it’s the baseline forecast. In this column, Polish Finance Minister Mateusz Szczurek calls for an EU-wide public investment programme of 5.5% of GDP to overcome the constraints behind Europe’s ‘secular stagnation’. He calculates that €700 billion of capital expenditures could close the output […]
OECD Employment Outlook 2014
