Peeters, Marga; Den Reijer, Ard - Volkswirtschaftliche Fakultät, … - 2011
along with the US for the period 1980-2010. Apart from the contribution of productivity to wages, we take into account the … resulting from a wage bargaining model. We further study the downward rigidities of wages in depth. The findings show that in … steer wages, policy makers can effectively use the replacement rate. …