Jordi López-Tamayo

Are wages and productivity converging simultaneously in Euro-area countries?

A convergence analysis is applied to wages and productivity for Euro-area countries in the period from 1981 to 2001. The results show a reduction in the dispersion of wages and unit labour costs, but not in productivity. Different patterns are found for real and nominal wages: higher levels of inflation in countries with higher growth rates of unit labour costs have caused nominal wages to move towards equalization. Moreover, disparities in all the variables have remained more or less the same since 1997, suggesting that the establishment of a single currency area has not accelerated the process of wage equalization.

“Building a “quality in work” index in Spain”

DThe European Union launched the Lisbon Strategy in 2000 with the aim of establishing itself as the world’s most competitive knowledge-based economy. At the same time, job quality was placed at the top of the European employment and social policy agenda and, later, it was to be incorporated as part of the European Employment and Europe-2020 Strategies. However, in a climate of economic crisis, it is argued that the price we are paying for continued economic growth is the dehumanisation of labour relationships with good jobs being substituted by bad jobs. In order to appraise such claims, scholars require quantifiable measures. The aim of this study is to define and apply a composite index of the quality in work in Spain. We present the results for the period 2001 to 2009. Our measure adopts the dimensional framework provided by the European Commission, and we present our results by region, sector, professional category and firm size. We find that the best results are recorded in the most developed regions, in the service sector, in the largest firms and in jobs in which workers are entrusted with most responsibility.