can commit to wage contracts but cannot commit not to replace incumbent workers. Workers are risk averse, so that there …

data from the Survey of Income and Program Participation (SIPP) to analyze the dynamics of those wage changes across … unemployment spell differently across different downturns. The degree of wage rigidity varies across recessions; wage changes …

Downward nominal wage rigidity (DNWR) could prevent real wage adjustments in times of low inflation rates. Nominal wage … degree of DNWR in hourly wage changes. In this paper, we use a histogram-location approach to investigate to what extent … annual as well as hourly wages are subject to downward nominal wage rigidity. Using data from the Panel Study of Income …

We study nominal wage rigidity in the Netherlands using administrative data, which has three key features: (1) high …). We find wage rigidity patterns in the data that are similar to wage behavior documented for other European countries. In … particular we find that the hazard function has two spikes, one at 12 months and another one at 24 months and wage changes have …

wage gained influence. This transition was associated with a persistent decrease in earnings dispersion and cyclical … movements in higher-order moments of the distribution of earnings changes. To shed light on the changing nature of wage rigidity … during this period, we develop a new method to estimate regular-wage processes. As the Argentine economy transitioned from …

bargaining agreements increased, and minimum wage adjustments became more frequent. We document that this macroeconomic … of regular wage adjustments within job spells. As the Argentine economy transitioned from low to high inflation, the … monthly frequency of regular wage adjustments almost doubled, while the distribution of changes in regular wages morphed from …

This paper introduces innovative, newly developed forward-looking indicators of negotiated wage growth in the euro area … and Greece. The paper demonstrates how agreement-level data can be used to study drivers of aggregate negotiated wage … growth, as well as monitor the breadth of wage increases and account for time-varying factors such as one-off payments, when …

starkes Argument gegen die Zielsetzung niedriger Inflationsraten liefert. -- Downward Nominal Wage Rigidity ; Wage Stickiness … ; Wage Compression ; Unconditional Quantile Regression …Focusing on the compression of wage cuts, many empirical studies find a high degree of downward nominal wage rigidity …

Focusing on the compression of wage cuts, many empirical studies find a high degree of downward nominal wage rigidity … within an intertemporal framework in which DNWR not only prevents nominal wage cuts but also induces firms to compress wage … increases. We analyze whether a compression of wage increases occurs when DNWR is binding by applying Unconditional Quantile …