Downward Nominal Wage Rigidity
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Downward Nominal Wage Rigidity in Europe
Author | : Steinar Holden |
Publisher | : |
Total Pages | : 33 |
Release | : 2004 |
Genre | : |
ISBN | : 9788275532327 |
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In most European countries, the prevailing terms of employment, including the nominal wage, can only be changed by mutual consent. I show that this feature impl
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Uses firm-level wage and employment data to address whether there is evidence of downward nominal-wage rigidity, and whether that rigidity is associated with a