Chapter

Flexibility and wage dynamics

Fabio Berton, Matteo Richiardi and Stefano Sacchi

in The political economy of work security and flexibility

Published by Policy Press

Published in print May 2012 | ISBN: 9781847429070
Published online January 2013 | e-ISBN: 9781447307631 | DOI: http://dx.doi.org/10.1332/policypress/9781847429070.003.0005
Flexibility and wage dynamics

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Many economic benefits that workers receive for their work do not enter the unitary gross wage; the most common examples are pension and other social security contributions paid for by the employers, forms of deferred wage, and extra months of salary. As non-standard workers often do not get such benefits – or get them to a lesser extent than workers with open-ended contracts – their unitary gross wage should, with all other things being equal, be larger than that earned by standard workers in order to provide them with the same level of income security. Estimates of wage gaps between standard and non-standard workers on different data bases show instead that far from being positive, this differential is at best null, if not negative. To different extents, the same holds true also in Japan, Germany and Spain. On top of facing less employment security, thus, non-standard workers also suffer from less income security.

Keywords: Income security; Wage gaps; Gross wage; Overall economic treatment

Chapter.  6633 words.  Illustrated.

Subjects: Occupations, Professions, and Work

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