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Downward nominal and real wage rigidity : survey evidence from European firms
Babecky, Jan; Caju, Philip Du; Kosma, Theodora; … - Economics Research, World Bank Group - 2009
It has been well established that the wages of individual workers react little, especially downwards, to shocks that hit their employer. This paper presents new evidence from a unique survey of firms across Europe on the prevalence of downward wage rigidity in both real and nominal terms. The...
Persistent link: https://www.econbiz.de/10008507927
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The effect of state fiscal reform on population heterogeneity
Aaronson, Daniel - Federal Reserve Bank of Chicago - 1996
This paper tests whether state fiscal policy alters neighborhood income homogeneity. One implication of the Tiebout … decrease in neighborhood income homogeneity. …
Persistent link: https://www.econbiz.de/10005410909
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The effect of school finance reform on population heterogeneity
Aaronson, Daniel - Federal Reserve Bank of Chicago - 1998
This paper tests whether state school finance reform alters neighborhood income homogeneity. One implication of the … that school finance has a significant effect on school district income sorting, especially among low income communities. …
Persistent link: https://www.econbiz.de/10005419876
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Intergenerational economic mobility in the U.S., 1940 to 2000
Aaronson, Daniel; Mazumder, Bhashkar - Federal Reserve Bank of Chicago - 2005
intergenerational income correlation, a measure insensitive to changes in cross-sectional inequality that has implications for rank …, by 2000, the rate of intergenerational movement across the income distribution appears historically normal, but, as cross …
Persistent link: https://www.econbiz.de/10005419993
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Why firms avoid cutting wages : survey evidence from European firms
Du Caju, Philip; Kosma, Theodora; Lawless, Martina; … - Economics Research, World Bank Group - 2014
Firms very rarely cut nominal wages, even in the face of considerable negative economic shocks. This paper uses a unique survey of fourteen European countries to ask firms directly about the incidence of wage cuts and to assess the relevance of a range of potential reasons for why the firms...
Persistent link: https://www.econbiz.de/10010829478