Wage Dynamics Network
The Wage Dynamics Network (WDN) is a research network consisting of economists from the European System of Central Banks (ESCB). The WDN initially operated from 2006 to 2009 and resumed its activities, in part, in 2013.
Wage Dynamics Network - 2nd Wave report
In 2010, the Central Bank of Malta commissioned a survey on companies in Malta as part of the WDN project. This network is a collaborative research programme within the Eurosystem. The survey was conducted over a period of six weeks between May and June 2010, primarily aimed to identify the main features of wage and price setting behaviour in Malta. The survey also covered labour market flexibility, the relationship between wages, input costs and prices, and the reaction of firms to unforeseen shocks. Statistical information pertains to 2008 as the reference year, before the outbreak of the international economic and financial crisis.
Wage Dynamics Network - 3rd Wave report
This study documents the response of Maltese firms after the economic and financial crisis of 2009. The results are based on a survey of 178 firms undertaken as part of the WDN project for the reference period 2010-2013. The survey focuses on a wide array of factors such as key firm characteristics, the economic environment after the crisis, the nature and size of the shocks hitting the economy, the adjustments made by firms, and aspects related to wage and price setting behaviour. The survey follows a similar one conducted in 2010, whose primary focus was on the adjustment during the crisis, and in particular, the relevance of various cost-cutting strategies.
Link to box summarizing the main findings
Studies using the WDN database for Malta:
Determinants of labour productivity in Malta: Evidence from a firm-level Survey
The adjustment of Maltese firms to the post-crisis economic environment: evidence from a firm-level survey
For more information you can visit the European Central Bank website.