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Paying the Price the Wage Crisis in Central and Eastern Europe

by Daniel Vaughan-Whitehead

  • ISBN: 9780312177294
  • ISBN10: 0312177291

Paying the Price the Wage Crisis in Central and Eastern Europe

by Daniel Vaughan-Whitehead

  • List Price: $105.00
  • Binding: Hardcover
  • Publisher: Palgrave Macmillan
  • Publish date: 01/01/1998
  • ISBN: 9780312177294
  • ISBN10: 0312177291
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Description: This book, written by a working group of the region's leading wage experts, provides the first ever assessment of wage policies in postcommunist Central and Eastern Europe which was jointly carried out by the ILO and the European Commission. For the first fame, evidence is presented which proves restrictive wage policies did not stimulate the creation of a market economy, while leading to a dramatic fall in living standards and to the growth of poverty. The evolution of wage levels and wage structure since 1989 is described and a direct assessment provided of wage policies in the first years of the reforms in terms of both social protection and economic efficiency, underpinned by the most recent data.
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