Bauer, Thomas; Sunde, Uwe; Bonin, Holger - Rheinisch-Westfälisches Institut für … - 2004
The paper examines real and nominal wage rigidities.We estimate a switching regime model, in which the observed distribution of individual wage changes, computed from West German register data for 1976-1997, is generated by simultaneous processes of real, nominal or no wage rigidity, and...
