Holden, Steinar; Wulfsberg, Fredrik - In: Advances in Macroeconomics 8 (2008) 1, pp. 1651-1651
Recent microeconomic studies have documented extensive downward nominal wage rigidity (DNWR) for job stayers in many OECD countries, but critics argue that the effect might be undone by compositional changes and flexibility in wages of new entrants. Using data for hourly nominal wages at...