. Using matched employer-employee dataset, I adopted the estimation strategy proposed by Guiso et al. (2005) to evaluate wage … Portuguese datasets. I found that firms do insure workers against product market uncertainties, but the magnitude of the wage … response differs depending on the nature of the shock. Broadly speaking, the wage response to permanent shocks is twice as high …

economically calm times, wage reductions continued to be the exception rather than the rule. This indicates the existence of … nominal wage rigidities in Austria. Instead of wage cuts, firms preferred to reduce working hours and to dismiss employees. We … not influence the likelihood of dismissals. - Wage Rigidity ; Demand Shock ; Micro Survey Data …

, endogenous productivity and downward wage rigidity (DWR) which challenges these results. The model features a non-vertical long …

model driven stickiness of old jobs' wages which does not rely on ad hoc assumptions on wage rigidity. In our model, an … need to rely on differing wage setting mechanisms of new and continuing jobs. Price rigidities do not alter the basic …