Wage Developments in the Central and Eastern European EU Member States
The aim of the project is to describe the wage developments in eight EU countries of Central and Eastern Europe that are of major importance for Austria (EU-CEE-8: Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Slovakia, Slovenia), to analyse their determinants and to derive policy recommendations. These are to assist in providing a positive stimulus to the EU-CEE-8 economies and to offer a long-term perspective for the population. Particular focus is put on the wage share in the EU-CEE-8 countries, which has recently started to rise again. Nevertheless, the question arises why wage growth has not been even stronger in view of the tightening labour market in the region, with most countries recording shortages of labour/skilled workers. This is the central research question of the project.