Titre
Wage Rigidity: Measurement, Causes and Consequences
Type
article
Institution
Externe
Périodique
Auteur(s)
Goette, L.
Auteure/Auteur
Sunde, U.
Auteure/Auteur
Bauer, T.
Auteure/Auteur
Liens vers les personnes
ISSN
0013-0133
Statut éditorial
Publié
Date de publication
2007
Volume
117
Numéro
524
Première page
F499
Dernière page/numéro d’article
F507
Peer-reviewed
Oui
Langue
anglais
Résumé
Wage rigidity - the observation that wages cannot be adjusted downwards - has important implications for labour markets and macroeconomic performance. Empirical evidence on the extent, causes and consequences of wage rigidity on the individual level is relatively scant, however. This Feature presents articles that apply a new methodology to estimate the incidence and extent of nominal and real wage rigidity among the employed in three major European countries (Germany, Italy and Great Britain). The results document the pervasiveness of nominal and, particularly, real wage rigidity in different institutional and economic environments, and a recent decline in real wage rigidity.
PID Serval
serval:BIB_24BC58DF4A2F
Date de création
2009-08-10T12:03:23.142Z
Date de création dans IRIS
2025-05-20T16:47:34Z