Wages in the Crisis

O'Farrell, Rory

doi:10.2139/ssrn.2264061

Cited by 5 publications

(4 citation statements)

References 19 publications

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“…With regard to gender disparities, the crisis provoked a generalized levelling down of the female/male gaps in Europe (European Commission, ). This did not correspond to a true progress in gender equality; it was the result of a prevailing trend of slowing down of wages growth rates (O'Farrell, ) and of increasing shares of workers who experienced wage declines (ILO, ), proportionally more widespread among male employment. Two factors seem to have prevented an aggravation of gender inequalities.…”

Section: A Review Of the Relevant Literaturementioning

confidence: 99%

Labour market institutions, crisis and gender earnings gap in Eastern Europe

Perugini

Selezneva

2015

Econ Transit

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We study gender pay inequality in ten Central and Eastern EU countries before (2007) and during the economic crisis (2009) using quantile regression methods. The analysis reveals remarkable cross‐country diversity in levels and patterns of the gender gap along the earnings distribution; for the majority of the countries the crisis is associated with declining male/female disparities. We address the role played by labour market institutions in shaping the observed gender pay gap levels and patterns. Labour market deregulation increases gender inequality at the middle and at the top of the pay distribution, but reduces disparities at the bottom. Higher union density and wage coordination reduce the pay gap, with stronger equalizing effects on better‐paid jobs. The crisis seems to weaken the already poor role of institutions in the low‐pay sector.

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Section: A Review Of the Relevant Literaturementioning

confidence: 99%

Labour market institutions, crisis and gender earnings gap in Eastern Europe

Perugini

Selezneva

2015

Econ Transit

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“…When an organization engages in a dismissal process, its intention is to permanently reduce the size of its workforce (e.g., downsizing), which may not be necessarily associated with low job performance. Especially after 2010, the International Monetary Fund and the European Commission have been pressuring some southern Euro zone countries (e.g., Greece, Spain, and Portugal) to adopt strict austerity measures, thus giving rise to high unemployment levels and emphasizing the adoption of "negative" HR practices (O'Farrell, 2010).…”

Section: Introductionmentioning

confidence: 99%

“…Especially after 2010, the International Monetary Fund and the European Commission have been pressuring some southern Euro zone countries (e.g. Greece, Spain and Portugal) to adopt strict austerity measures, thus giving rise to high unemployment levels and emphasizing the adoption of "negative" HR practices (O'Farrell, 2010).…”

Section: Introductionmentioning

confidence: 99%

The impact of human resources practices on consumers’ investment intentions

Ferreira

Martinez

Rodrigues

et al. 2017

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Purpose Research has shown that corporate policies affect customers’ decisions. The purpose of this paper is to focus on the influence of human resources (HR) practices on investment intentions in the financial sector. Design/methodology/approach Data were obtained from 548 managers and management students. Participants were presented real news regarding two banks with contrasting HR practices. Subsequently, they had to choose – from a given virtual amount – their investment allocations. Findings Results primarily showed that participants decided to invest more money in the bank which was more profitable to them, regardless of that bank’s HR practice. But, most importantly, when the news was specifically addressed to the in-group (managers), participants decided to invest more money in the bank with the HR practice by which they identified more, although being less profitable to them. Originality/value The findings demonstrate the urgency for organizations to manage effectively their HR practices, as they serve as a vehicle to corporate reputation, thus affecting the relationship with the stakeholders and investors’ decisions.

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“…Moreover, we address this issue in the framework of the economic crisis that brought about a new set of challenges to the labour market, the decline in real wages being one of its most socially negative effects. The crisis may have mixed effects on the wages (O'Farrell, 2010): redundancies of the lower paid workers tend to create a statistical effect of growth in the average wage, even in the absence of real wage increases, but the decreased economic activity reduces the demand for labour, therefore putting downward pressure on wages. Prior to the recent economic crisis, Romania experienced a period of sustained and relatively rapid economic growth that, combined with workforce shortages in some sectors, underpinned signifi cant increases in wages, in particular after the accession to the EU, and fostered the catch-up of the poorer regions.…”

Section: Introductionmentioning

confidence: 99%

Economic Crisis and Wage Divergence: Empirical Evidence from Romania

Zaman¹,

Goschin²

2014

Prague Economic Papers

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Abstract:This paper addresses the question of convergence in real wages across Romanian counties, while putting a spotlight on the recent economic crisis, which has hit hard the entire economy. Following the main methodological trends in the literature, convergence methods were applied using the traditional cross-section approach. The empirical analysis covering a 21-year period provided clear evidence in favour of β-convergence, but indicated σ-divergence (Galton's fallacy). Wages' dispersion seems to rise during the economic crises and persists in the fi rst stage of recovery as well. This fi nding provides support to Barro and Sala-i-Martin's theory on the temporary divergence effect induced by economic shocks.

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Wages in the Crisis

Cited by 5 publications

References 19 publications

Labour market institutions, crisis and gender earnings gap in Eastern Europe

Labour market institutions, crisis and gender earnings gap in Eastern Europe

The impact of human resources practices on consumers’ investment intentions

Economic Crisis and Wage Divergence: Empirical Evidence from Romania

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