Julia Hofmann

TL;DR: The Austrian system of collective bargaining seems to be doing fairly well at first glance as discussed by the authors, however, at second glance, we see some signs of erosion and increasing divisions in Austria, due to a power shift from labour to capital since the 1980s and expression in, among other things, changing economic policies, attempts to decentralise collective agreements and increasing segmentation within the Austrian workforce.

TL;DR: In this article, the authors apply and adapt the Wolff and Zacharias (2013) class schema for the Euro area and confirm stark differences between classes in the functional distribution of income, as well as in the distribution of wealth.

TL;DR: The EU-Mitgliedsstaaten haben, dem neoliberalen wirtschaftspolitischen Paradigma folgend, uberwiegend ihre Bankensysteme with Steuergeldern gerettet, was zu Erhohungen der nationalen Staatsschulden fuhrte.

TL;DR: In Austria, the minimum wage is set by collective agreements and not by law as mentioned in this paper, which remains living wages in Austria, and all collective agreements providing for minimum wages below that level are to be upgraded by 2020.