Bauer, Thomas; Bonin, Holger; Sunde, Uwe - C.E.P.R. Discussion Papers - 2004
processes of real, nominal or no wage rigidity, and measurement error. The fraction of workers facing wage increases that are … due to nominal, but mostly real, wage rigidity is substantial. The extent of real rigidity rises with inflation, whereas … the opposite holds for nominal rigidity. Overall, the incidence of wage rigidity, which accelerates unemployment growth …