Nominal Wage Rigidity in Contract Data: A Parametric Approach

نویسندگان
چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Nominal Wage Rigidity as a Nash Equilibrium

I would like to thank the FCAR and the SSHRC for generous financial support, and André Kurmann, Louis Phaneuf, and seminar participants at the Université du Québec à Montréal for helpful discussions. The usual caveats apply. Abstract : Models of the microfoundations of nominal price rigidities show that in the absence of real rigidities, individual firms have strong incentives to adjust prices ...

متن کامل

Nominal Wage Rigidity in the United Kingdom

This paper studies the degree of downward rigidity in nominal wages in the United Kingdom using micro-data. Around 9% of employees who remain in the same job from one year to the next have zero pay growth. But on investigating the causes of rigidity we ®nd that up to ninetenths can be attributed to `symmetric' causes (such as contracts and menu costs) or to error. Thus only 1% of workers have p...

متن کامل

A Study of Downward Nominal Wage Rigidity in Korea

This paper examines downward nominal wage rigidity in Korea using aggregate and individual-level data. We find that the degree of downward nominal wage rigidity differs depending on the data sources used. Results from the aggregate data indicate that, on average, wages have been flexible. By contrast, evidence from the micro data suggests that nominal wages are downwardly rigid most of the time...

متن کامل

Nominal and real wage rigidity: Does nationality matter?

We assess the differences in downward nominal and real wage rigidity between natives and immigrants in Portugal, using a matched employer-employee database and the International Wage Flexibility Project (IWFP) methodology. This methodology estimates a notional or counterfactual distribution that would prevail under wage flexibility and compares it to the empirical wage distribution. The estimat...

متن کامل

Downward Nominal-Wage Rigidity: Micro Evidence from Tobit Models

This paper uses Tobit models and data for union contracts to examine the extent of downward nominal-wage rigidity in Canada. To be consistent with important stylized facts, the models allow the variance of the notional wage-change distribution to be time-varying and test for menu-cost effects. The empirical results confirm the importance of using a general specification with a timechanging vari...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Economica

سال: 2003

ISSN: 0013-0427

DOI: 10.1046/j.0013-0427.2003.01027.x