It has been well established that the wages of individual workers react little, especially downwards, to shocks that hit their employer. This paper presents new evidence from a unique survey of firms across Europe on the prevalence of downward wage rigidity in both real and nominal terms. The authors analyse which firm-level and institutional factors are associated with wage rigidity. The results indicate that it is related to workforce composition...
انظر المزيد
تفاصيل
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2009/12/01
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ورقة عمل خاصة ببحوث السياسات
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WPS5159
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1
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1
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2010/7/01
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Disclosed
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Downward nominal and real wage rigidity : survey evidence from European firms
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adverse selection