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This paper presents estimates based on individual data of downward nominal and real wage rigidities for 13 sectors in Belgium, Denmark, Spain, and Portugal. Our methodology follows the approach recently developed for the International Wage Flexibility Project, whereby resistance to nominal and...
Persistent link: https://www.econbiz.de/10008557141
This paper investigates the macroeconomic relevance of new findings regarding nominal wage stickiness, wage indexation, wage staggering and synchronisation, and downward nominal and real wage rigidity in the euro area. Quantifying the relevance of this evidence for monetary policy remains to be...
Persistent link: https://www.econbiz.de/10008557150
Based on an ad hoc firm-level survey on wage and pricing policies conducted in a large number of European countries, this study finds that about 60% of firms change base wages once a year with some clustering of wage changes observed in January. Differences in the frequency of wage changes...
Persistent link: https://www.econbiz.de/10008557157
wage inequality and unemployment vary across workers with different abilities. Both in the closed and open economy, the … unemployment rate is decreasing in worker ability, whereas both the average wage and wage inequality are increasing in worker … increases in unemployment rates relative to both lower and higher ability workers. (JEL: F12, F16, E24) (c) 2010 by the European …
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