Comparative analysis of wages in central and eastern EuropeRajko Kosanović, Sanja Paunović and Bruno S. Sergi

Rajko Kosanović; Sanja Paunović; Bruno S. Sergi

doi:10.5771/1435-2869-2017-2-159

Contents
- Chapter Expand | CollapseAuthorsPage
- I–II Titelei/Inhaltsverzeichnis I–II
- 157–158 Editorial 157–158
- 159–180 Comparative analysis of wages in central and eastern Europe Rajko Kosanović, Sanja Paunović, Bruno S. Sergi Rajko Kosanović, Sanja Paunović, Bruno S. Sergi 159–180
- 181–186 Minimum wages in selected SEE countries Evelyn Astor Evelyn Astor 181–186
- 187–196 Focus: Terms and conditions of employment in the garment and shoe industry in Serbia Bojana Tamindžija, Stefan Aleksić, Bettina Musiolek Bojana Tamindžija, Stefan Aleksić, Bettina Musiolek 187–196
- 197–212 Next-door relocation: Labour conditions and bargaining power in the Ukrainian made-for-brands garment industry Oksana Dutchak Oksana Dutchak 197–212
- 213–222 The lack of a living wage and other rights violations in the garment and shoe industry in Ukraine Oksana Dutchak, Artem Chapeye, Bettina Musiolek Oksana Dutchak, Artem Chapeye, Bettina Musiolek 213–222
- 223–246 Where is Turkey heading? M. Kemal Oke M. Kemal Oke 223–246
- 247–268 Bribery and corruption – Challenges and potential solutions in multinational corporations Fabian Teichmann Fabian Teichmann 247–268
- 269–288 Transitional justice and reconciliation from the international peace-building perspective Remzije Istrefi Remzije Istrefi 269–288
- 289–290 About the Authors 289–290
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SEER Journal for Labour and Social Affairs in Eastern Europe , page 159 - 180

Comparative analysis of wages in central and eastern EuropeRajko Kosanović, Sanja Paunović and Bruno S. Sergi

Autoren

Rajko Kosanović Sanja Paunović Bruno S. Sergi

DOI
- doi.org/10.5771/1435-2869-2017-2-159
- 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, inequality and the role of the minimum wage. Rises in inequality are often associated with market liberalisation in transition economies, stemming from unemployment and a reversal of communist societies’ heavy investment in the stock of human capital, although it is also true to say that some economies have managed at least to see the position deteriorate no further as a result of economic growth and effective fiscal redistribution measures. Real wage developments are important for domestic purchasing power and for welfare, but also for economic growth. 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 and a small process of income redistribution. The result, otherwise, is clear in terms of the impact both on workers as well as on aggregate demand of a disconnect between economic growth and wage growth, which will be to the long-term detriment of societies in the region.
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