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How Rigid are Nominal Wages? Evidence and Implications for Germany
Knoppik, Christoph; Beissinger, Thomas - Institute for the Study of Labor (IZA) - 2001
find a high degree of downward nominal wage rigidity, which for rates of inflation lower than three percent is shown to … lead to higher equilibrium unemployment via the generated real wage wedge. …
Persistent link: https://www.econbiz.de/10005822114
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Downward nominal wage rigidity in Poland
Brzoza-Brzezina, Michal; Socha, Jacek - Volkswirtschaftliche Fakultät, … - 2006
We use data on enterprise level from a survey of medium sized and big companies to test for downward nominal wage rigidity in Poland. We find relatively weak support for downward nominal wage rigidity when average total compensation in the enterprise is taken into account. However, since this...
Persistent link: https://www.econbiz.de/10005619791
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Ausmaß und reale Konsequenzen nach unten starrer Nominallöhne
Blaes, Barno - Wirtschafts- und Sozialwissenschaftliche Fakultät, … - 2008
Nominallöhne in Deutschland. Unter Verwendung von drei alternativen Modellvarianten für die proportionale … Abwärtsnominallohnstarrheit in Deutschland erheblich ist. Die realen Implikationen der nach unten starren Nominallöhne sind bei konstantem … Abwärtsnominallohnstarrheit vom inflationären Umfeld selbst abhängt und in Phasen mit niedriger Inflation sinkt. …
Persistent link: https://www.econbiz.de/10005163001
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Sind Nominallöhne starr? Neuere Evidenz und wirtschaftspolitische Implikationen
Beissinger, Thomas; Knoppik, Christoph - Institute for the Study of Labor (IZA) - 2003
presence of downwardly rigid nominal wages, low inflation may lead to higher equilibrium unemployment by hindering real wage …Bei Vorliegen nach unten starrer Nominallöhne erschwert niedrige Inflation Reallohnanpassungen und führt so … möglicherweise zu erhöhter gleichgewichtiger Arbeitslosigkeit. Dieser Aufsatz analysiert die wachsende Evidenz zu nach unten starren …
Persistent link: https://www.econbiz.de/10005566472
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Wage and Price Phillips Curves An empirical analysis of destabilizing wage-price spirals
Krolzig, Hans-Martin; Flaschel, Peter - Department of Economics, Oxford University - 2003
In this paper we introduce a small Keynesian model of economic growth which is centered around two advanced types of Phillips curves, one for money wages and one for prices, both being augmented by perfect myopic foresight and supplemented by a measure of the medium-term inflationary climate...
Persistent link: https://www.econbiz.de/10010605118
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Downward Nominal Wage Rigidity in Europe: An Analysis of European Micro Data from the ECHP 1994-2001
Knoppik, Christoph; Beissinger, Thomas - Institute for the Study of Labor (IZA) - 2005
This paper substantially extends the limited available evidence on existence and extent of downward nominal wage rigidity in the European Union and the Euro Area. For this purpose we develop an econometric multi-country model based on Kahn’s (1997) histogram-location approach and apply it to...
Persistent link: https://www.econbiz.de/10005822909
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Real Wages and the 'Malthusian Problem' in Antwerp and South-Eastern England, 1400 - 1700: A regional comparison of levels and trends in real wages
Munro, John H. - University of Toronto, Department of Economics - 2006
of an inflation, induced primarily by monetary forces, when nominal wages failed to keep pace with the rise in consumer …
Persistent link: https://www.econbiz.de/10005704755
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Wage posting or wage bargaining? : evidence from the employers’ side
Brenzel, Hanna; Gartner, Hermann; Schnabel, Claus - Institut für Arbeitsmarkt- und Berufsforschung (IAB) - 2013
"Using a representative establishment dataset, this paper is the first to analyze the incidence of wage posting and wage bargaining in the matching process from the employer's side. We show that both modes of wage determination coexist in the German labor market, with about two-thirds of hirings...
Persistent link: https://www.econbiz.de/10010795475
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Is There a Growth-Unemployment Trade-Off?
Toche, Patrick - Department of Economics, Oxford University - 2001
Why might there be a long-run trade-off between growth and unemployment? In general equilibrium, the returns on the … interest. If the wage grows in line with productivity, there is a positive relation between growth and unemployment. If the … incentive to hire. There emerges a trade-off between growth and unemployment. …
Persistent link: https://www.econbiz.de/10010605230
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Did European Labour Markets Become More Competitive in the 1990's? Evidence from Estimated Worker Rents
Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2004
This Paper analyses the evolution of quantitative measures of employee rents in Europe during the nineties, using the European Household Panel Survey. I look at two classes of measures: wage differentials between workers along industry and firm size dimensions; and estimated welfare differences...
Persistent link: https://www.econbiz.de/10005788867