Report
Eurozone: From a company-driven to an employee-driven labour market
From the late 1990s to 2016, the euro zone’s labour market was driven by companies, which have greater bargaining power than employees, enabling them to maintain small wage increases and a high share of earnings in value added. But since 2017, we have seen the emergence of an employee- driven labour market, with sharp wage increases and employees catching up with inflation after a delay in adjusting wages to prices. This trend is due to demographics (decline in the working-age population) and the fall in productivity, which is keeping the labour market very tight. This change in the way the labour market operates means that wage inflation in the euro zone will remain significantly higher than in the past.
Provider
Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Patrick Artus
Other Reports from Natixis
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.