Rusinova, Desislava; Lipatov, Vilen; Heinz, Frigyes … - In: Journal of Macroeconomics 43 (2015) C, pp. 140-154
We estimate the degree of real wage flexibility in 19 EU countries in a wage Phillips curve panel framework. We find … evidence for a reaction of wage growth to unemployment and productivity growth. The degree of real wage flexibility tends to be …. There exists an inflation threshold, below which real wage flexibility is low. We also find that a part of the heterogeneity …