Blanckenburg, Korbinian von; Geist, Alexander; Schmidt, … - Institut für Siedlungs- und Wohnungswesen, …
Downward nominal wage rigidity (DNWR) could prevent real wage adjustments in times of low inflation rates. Nominal wage rigidity based on annual wages can at least be reduced, if the number of working hours is considered. This leads to a lower degree of DNWR in hourly wage changes. In this...