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Erscheinungsjahr: 
2011
Schriftenreihe/Nr.: 
ECB Working Paper No. 1378
Verlag: 
European Central Bank (ECB), Frankfurt a. M.
Zusammenfassung: 
This paper presents new evidence on the flexibility of the Hungarian labor market, with special emphasis on wages. The results are based on a new survey on wage setting among Hungarian firms. The survey is part of the Eurosystem Wage Dynamics Network (WDN), and it is a harmonized questionnaire administered in 17 countries in Europe, including almost all Euro Area countries as well as five Central and Eastern European countries. The survey results show that the Hungarian labor market, while institutionally flexible, appears to be surprisingly rigid. The survey evidence points to low turnover and possibly more rigid wages than previously thought.
Schlagwörter: 
Hungary
survey
wage dynamics network
Wage setting
JEL: 
C83
J01
J30
Dokumentart: 
Working Paper

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