Analysis of the main trends in wages, employment and poverty in south-eastern Europe

Bruno S. Sergi; Sanja Paunović; Rajko Kosanović

doi:10.5771/1435-2869-2018-2-51

Contents
- Chapter Expand | CollapseAuthorsPage
- Titelei/Inhaltsverzeichnis
- 151–152 Editorial Béla Galgóczi, Calvin Allen Béla Galgóczi, Calvin Allen 151–152
- 153–200 The European integration of the western Balkans (Part II) Christophe Solioz Christophe Solioz 153–200
- 201–218 Analysis of the main trends in wages, employment and poverty in south-eastern Europe Bruno S. Sergi, Sanja Paunović, Rajko Kosanović Bruno S. Sergi, Sanja Paunović, Rajko Kosanović 201–218
- 219–236 The Balkan route: towards an assessment of the impact of migration in Serbia and Croatia Danilo Maria Merlo, Gabriele Lombardo Danilo Maria Merlo, Gabriele Lombardo 219–236
- 237–252 The Kosovar basic old age pension as universalist exception amidst clientelist fragmentation Igor Guardiancich Igor Guardiancich 237–252
- 253–260 Sustainable development and the social inclusion of disabled people Biljana Čavkoska Biljana Čavkoska 253–260
- 261–262 Exploring the future of Russia’s economy and markets: Towards sustainable economic development Renáta Pitoňáková Renáta Pitoňáková 261–262
- 263–264 Compliance in Multinational Corporations: Business Risks in Bribery, Money Laundering, Terrorism Financing and Sanctions Qerim Qerimi Qerim Qerimi 263–264
- 265–266 About the Authors 265–266
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SEER Journal for Labour and Social Affairs in Eastern Europe , page 201 - 218

Analysis of the main trends in wages, employment and poverty in south-eastern Europe

Autoren

Bruno S. Sergi Sanja Paunović Rajko Kosanović

DOI
- doi.org/10.5771/1435-2869-2018-2-51
- ISSN: 1435-2869
- ISSN online: 2942-3384
Abstract

This article reviews the recent performance of south-east European, and eastern European, economies on the issue of wages. This is a revised version of an article which we carried previously (Vol. 20 No. 2) but which has now been updated to take account of information not available at the time of original publication. Given the importance of the issue to trade unions, as well as its significance in the area of social policy and development, we have taken the unusual step of re-publishing this revised version. Real wages have lagged behind productivity in south-east European countries in the entire period since 2008, although minimum wages have seen a process of catching up since 2012, while there has also been a small, but welcome, amount of income redistribution. The result of the lag is evident regarding the impact on workers as well as on aggregate demand, not least in that it symbolises a disconnect between economic growth and the growth in wages. That the share of wages in national income is declining will be to the long-term detriment of societies as workers miss out on increases in national prosperity.
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