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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

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

International benchmarking of South Africa's infrastructure performance

Bogetic, Zeljko; Fedderke, Johannes W. - Economics Research, World Bank Group - 2006

compared with various income and geographical comparator groups of countries? Where are the largest deviations-positive and …

Persistent link: https://www.econbiz.de/10005128971

Distribution of income and the income tax burden in Bulgaria

Bogetic, Zeljko; Hassan, Fareed M. A. - Economics Research, World Bank Group - 1995

Using the 1992 Bulgarian household budget survey, the authors analyze the distribution of income and of the income tax … burden by income and expenditure class and by rural-urban sector. They find: 1) Low income inequality (although that is … changing rapidly). 2) A progressive income tax system. The poor (the lowest two-income decile) pay only 1.4 percent of their …

Persistent link: https://www.econbiz.de/10005141454