Larin, Alexander V. - National Research University Higher School of Economics - 2014
This paper investigates the sources of the downward nominal wage rigidity in Russia. The empirical analysis is based on … downward nominal wage rigidity is high. Moreover, the probability of a wage freeze is decreasing in firm size and is lower for … nominal wage rigidity is not the labor unions, but firms' voluntary decision to prevent wage cuts, which may cause quits of …