Structural Policies as a Tool of Wage Growth Acceleration in the EU-27 Countries

Student: Fedoseenko Ivan

Faculty: Faculty of World Economy and International Affairs

Educational Programme: World Economy (Bachelor)

Year of Graduation: 2021

This thesis focuses on structural reforms in the European Union labor market and their potential to accelerate wage growth. Today the labor market is under the stressful influence of numerous factors caused by globalization, the transition to a new type of industry, as well as global structural changes in the world economy and society around the world. In these conditions, it becomes critically important to maintain the rates of economic growth. Wages play an important role in ensuring it. However, in the era of low inflation and the conditions of a single economic policy of the European Union, it is very difficult to maintain the rate of growth of wages using traditional methods. That is why the development of a strategy for carrying out structural policy is so urgent today.

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