Theorie optimaler Lohnräume. Zur Lohnpolitik in der Europäischen Währungsunion.

Arne Heise

Publication: Working/Discussion PaperWU Working Paper

Abstract

Wage policy and the structure of collective bargaining systems have been neglected in the political and economic discussions that centered around the European Monetary Union (EMU) to an amazing extent. Collective bargaining is one of the very few issues that have been explicitly excluded from the Maastricht treaty as subject of European regulation and only recently, wage policy under the conditions of a European Monetary Union has been considered at closer range. Yet, this has been done without putting the topic into a more general perspective. In this paper, I want to expose a 'theory of optimal wage areas', taking reference to Robert Mundell's seminal paper on 'optimum currency areas'. I want to pose the question whether the European Union can be regarded as an 'optimum wage area' and what will be the consequences for EMU. (author's abstract)
Original languageGerman (Austria)
Place of PublicationVienna
PublisherInst. für Volkswirtschaftstheorie und -politik, WU Vienna University of Economics and Business
Publication statusPublished - 2000

Publication series

NameDepartment of Economics Working Paper Series
No.73

WU Working Paper Series

  • Department of Economics Working Paper Series

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