Christofides, Louis N.; Nearchou, Paris - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
An earlier study of wage agreements, reached in the Canadian unionized sector between1976-99, found that wage adjustment is characterized by downward nominal rigidity andsignificant spikes at zero. We extend this earlier approach to encompass the possibility ofreal as well as nominal wage...