Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/24330
Authors: 
Franz, Wolfgang
Year of Publication: 
1999
Series/Report no.: 
ZEW Discussion Papers 99-48
Abstract: 
At the turn of the millennium three frequently cited potential causes of new challenges for wage policy in Germany are revisited in this study: skilled- biased technological progress, the increasing international integration of labor and product markets, and the monetary integration of the EMU. While there is now a fairly broad consensus on the basic facts about the development of wages and employment across skill groups, there is considerable disagreement to explain these trends, in particular to what extent skill- biased technical change and trade liberalization share a major responsibility. The conclusion of this paper is that both factors are at work with a slight emphasis on the first candidate. Moreover, while EMU in our opinion does not represent the major threat for wage policy, it is the Single Market which requires wage policy to be on the lookout and to meet those challenges.
Subjects: 
Wages
Wage Structure
Skill-Biased Technological Change
International Trade
European Monetary Union
JEL: 
F33
O33
F16
J21
J31
Document Type: 
Working Paper

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