Denmark - Wages before and after the crisis - December 31, 2017

An analysis of the labour market now available online reveals that employment rates are high, but average working hours are low due to many working part-time. The economy was severely affected by the crisis and the associated employment loss was large. Although many have been affected by unemployment, overall unemployment spells have been short due to high job turnover rates. This has prevented a sharp increase in long-term unemployment and eased labour market entry for young people. Wage inequality is on the rise. Wage developments reflect a boom-bust pattern. As employment increased and unemployment decreased, wage increases (both nominal and real) picked up and wage competitiveness (relative unit labour costs) deteriorated by about 15% over the period 2004-2009. The crisis reversed these wage developments, inducing negative real wage growth.

Read on: in English …   

For more information, please contact the editor Jan Cremers or Nuria Ramos Martin, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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