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http://www.itinerainstitute.org/en/library/_paper/wage-evolution-and-labour-market/
Wage evolution and labour market
26 July 2010
To what degree do shortages and surpluses on the labour market lead to wage increases and wage restraints respectively? The degree to which these labour market conditions affect wages is called wage flexibility. This report by the Research Department of the Flemish Government analyses wage flexibility in Belgium, its regions, its neighbouring countries and the EU15, both at an industry level and at a macroeconomic level.

http://www4.vlaanderen.be/dar/svr/afbeeldingennieuwtjes/economie/bijlagen/2010-04-27-SVRWebartikel2010-3-loonevolutie.pdf

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Where is our labour market going in the 21st century? How do we handle ageing and globalisation successfully? Can we finally push back mass unemployment? Can we combine more flexibility with more security? Can we make older people work more? Can we finally include foreigners in the labour force? This book provides new ideas to adjust the organisation of the Belgian labour market to a new era. It calls for broad and deep reforms for the long term, beyond the convulsive short-term reflex of acquired rights.

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