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Höpner, M., Di Carlo, D. Die sektorale Logik der deutschen Lohnzurückhaltung. Sozialer Fortschritt, 72(5), 397-414. https://doi.org/10.3790/sfo.72.5.397
Höpner, Martin and Di Carlo, Donato "Die sektorale Logik der deutschen Lohnzurückhaltung" Sozialer Fortschritt 72.5, 2023, 397-414. https://doi.org/10.3790/sfo.72.5.397
Höpner, Martin/Di Carlo, Donato (2023): Die sektorale Logik der deutschen Lohnzurückhaltung, in: Sozialer Fortschritt, vol. 72, iss. 5, 397-414, [online] https://doi.org/10.3790/sfo.72.5.397
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Die sektorale Logik der deutschen Lohnzurückhaltung

Höpner, Martin | Di Carlo, Donato

Sozialer Fortschritt, Vol. 72 (2023), Iss. 5 : pp. 397–414

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Article Details

Publisher Name
Duncker & Humblot
DOI
https://doi.org/10.3790/sfo.72.5.397
Language
German
Pages
18
Keywords

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Author Details

Höpner, Prof. Dr. Martin, Max-Planck-Institut für Gesellschaftsforschung, Paulstr. 3, 50676 Köln.

Di Carlo, Dr. Donato, Max-Planck-Institut für Gesellschaftsforschung, Paulstr. 3, 50676 Köln.

References

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  26. Alvarez, J./Bluedorn, J./Hansen, N./Huang, Y./Pugacheva, E./Sollaci, A. (2022): Wage-Price Spirals: What is the Historical Evidence? IMF Working Paper 22/221, https://www.imf.org/en/Publications/WP/Issues/2022/11/11/Wage-Price-Spirals-What-is-the- Historical-Evidence-525073.  Google Scholar
  27. Baccaro, L./D’Antoni, M. (2020): Has the ‚External Constraint‘ Contributed to Italy’s Stagnation? A Critical Event Analysis. MPIfG Discussion Paper 20/9, Köln.  Google Scholar
  28. Baccaro, L./Howell, C. (2017): Trajectories of Neoliberal Transformation: European Industrial Relations since the 1970s, Cambridge.  Google Scholar
  29. Blanchard, O./Pisany-Ferry, J. (2022): Fiscal Support and Monetary Vigilance: Economic Policy Implications of the Russia-Ukraine War for the European Union. PIIE Policy Briefs 22-5, https://www.piie.com/publications/policy-briefs/fiscal-support-and-monetary-vigilance-economic-policy-implications.  Google Scholar
  30. Bosch, G./Hüttenhoff, F. (2022): Der Bauarbeitsmarkt. Soziologie und Ökonomie einer Branche, Frankfurt a.M.  Google Scholar
  31. Bundesministerium der Finanzen (2022): Finanzpolitik in der Zeitenwende – Wachstum stärken und inflationäre Impulse vermeiden, https://www.bundesfinanzministerium.de/Content/DE/Downloads/Oeffentliche-Finanzen/finanzpolitik-in-der-zeitenwende.pdf?__blob=publicationFile&v=2.  Google Scholar
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  33. Deutsche Bundesbank (2022): Monatsbericht Februar 2022, Frankfurt a.M.  Google Scholar
  34. Di Carlo, D. (2020): Understanding Wage Restraint in the German Public Sector: Does the Pattern Bargaining Hypothesis Really Hold Water?, in: Industrial Relations Journal 51(3), S. 185–208.  Google Scholar
  35. Di Carlo, D. (2022). Beyond Neo-Corporatism: State Employers and the Special-Interest Politics of Public Sector Wage-Setting, in: Journal of European Public Policy, online veröffentlicht 9. Februar 2022, doi: 10.6084/m9.figshare.19152671.v1.  Google Scholar
  36. Dustmann, C./Fitzenberger, B./Schönberg, U/Spitz-Oener, A. (2014): From Sick Man of Europe to Economic Superstar: Germany’s Resurgent Economy, in: Journal of Economic Perspectives 28(1), S. 167–88.  Google Scholar
  37. Eurofound (2018): Measuring Varieties of Industrial Relations in Europe: A Quantitative Analysis, Eurofound Research Report, https://www.eurofound.europa.eu/sites/default/files/ef_publication/field_ef_document/ef18033en.pdf.  Google Scholar
  38. Günther, W./Höpner, M. (2023): Why Does Germany Abstain from Statutory Bargaining Extensions? Explaining the Exceptional German Erosion of Collective Wage Bargaining, in: Economic and Industrial Democracy 44(1), S. 88–108.  Google Scholar
  39. Hancké, B. (2013): Unions, Central Banks, and EMU: Labor Market Institutions and Monetary Integration in Europe, Oxford.  Google Scholar
  40. Hassel, A. (2014): The Paradox of Liberalization: Understanding Dualism and the Recovery of the German Political Economy, in: British Journal of Industrial Relations 52(1), S. 57–81.  Google Scholar
  41. Höpner, M./Seeliger, M. (2021): Neither Existing nor Emerging: Euro Stabilization by Means of European Wage Coordination, in: Journal of Economic Policy Reform 24(4), S. 439–55.  Google Scholar
  42. Höpner, M./Baccaro, L. (2022): Das deutsche Wachstumsmodell, 1991–2019, MPIfG Discussion Paper 22/9, https://pure.mpg.de/rest/items/item_3475765/component/file_3475766/content.  Google Scholar
  43. Institut für Arbeitsmarkt- und Berufsforschung (2022): IAB-Kurzbericht 7/2022, https://doku.iab.de/kurzber/2022/kb2022-07.pdf.  Google Scholar
  44. Koester, G./Grapow, H. (2021): The Prevalence of Private Sector Wage Indexation in the Euro Area and its Potential Role for the Impact of Inflation on Wages, in: ECB Economic Bulletin 7/2021, S. 63–66, https://www.ecb.europa.eu/pub/pdf/ecbu/eb202107.en.pdf.  Google Scholar
  45. OECD (2022): Der Preis des Kriegs – wer bezahlt? OECD-Wirtschaftsausblick, Zwischenausgabe, https://www.oecd-ilibrary.org/sites/fc9852d5-de/index.html?itemId=/content/publication/fc9852d5-de.  Google Scholar
  46. Seikel, D. (2022): Die Revision der Entsenderichtlinie: Wie die Hürden marktkorrigierender EU-Politik überwunden werden konnten, in: Politische Vierteljahresschrift 63(3), S. 499–527.  Google Scholar
  47. Streeck, W. (2009): Re-Forming Capitalism: Institutional Change in the German Political Economy, Oxford.  Google Scholar
  48. Wren, A. (2021): Strategies for Growth and Employment Creation in a Services-Based Economy: Skill Formation, Equality, and the Welfare State. In: Hassel A./Palier, B. (Hrsg.), Growth and Welfare in Advanced Capitalist Economies: How Have Growth Regimes Evolved? Oxford, S. 255–288.  Google Scholar

Abstract

The Sectoral Logic of German Wage Restraint

The supply-side price surges since mid-2021 have raised concerns about the emergence of a wage-price spiral and therefore prompted new rounds of corporatist concertation. We conduct a sector-based analysis of productivity-adjusted labour cost increases between the establishment of monetary union and the emergence of the pandemic crisis, and compare the German results internationally. We argue that Germany, due to its accumulation of sectoral wage-repressing characteristics, is a rather unlikely case for a wage-price spiral. However, as these characteristics are not typical for all euro area countries but rather exceptional, country specific and differently sized wage-price spirals could emerge within the euro area. The perpetuation of different inflation levels would put the eurozone under severe stress.

Table of Contents

Section Title Page Action Price
Martin Höpner / Donato Di Carlo: Die sektorale Logik der deutschen Lohnzurückhaltung 397
Zusammenfassung 397
Abstract: The Sectoral Logic of German Wage Restraint 397
1. Einleitung 398
2. Die Entwicklung der deutschen Arbeitskosten im internationalen Vergleich 400
3. Sektorale Entwicklungen 403
4. Die geringe Wahrscheinlichkeit der Entstehung einer Lohn-Preis-Spirale 406
5 Fazit: Das deutsche Muster im Kontext der europäischen Währungsunion 411
Literatur 413

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