Bartolucci, Cristian - In: Labour Economics 19 (2012) 4, pp. 568-583
In this paper, we analyze the impact of downward wage rigidity on the labor market dynamics. We shows that imposing … downward wage rigidity in a matching model with cyclical fluctuations in productivity, endogenous match-destruction, and on … evidence that downward wage rigidity is empirically relevant in ten European countries. Finally, we show that layoffs are …