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This paper explores the existence of downward real wage rigidity (DRWR) in 19 OECD countries, over the period 1973-1999, using data for hourly nominal earnings at the industry level. Based on a nonparametric statistical method, which allows for country- and year-specific variation in both the...
Persistent link: https://www.econbiz.de/10003715733
This paper explores the existence of downward real wage rigidity (DRWR) in 19 OECD countries, over the period 1973-1999, using data for hourly nominal earnings at the industry level. Based on a nonparametric statistical method, which allows for country- and year-specific variation in both the...
Persistent link: https://www.econbiz.de/10014225322
How do the complex institutions involved in wage setting affect wage changes? The International Wage Flexibility Project provides new microeconomic evidence on how wages change for continuing workers. We analyze individuals’ earnings in 31 different data sets from sixteen countries, from which...
Persistent link: https://www.econbiz.de/10011622326
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advantage of the workers' induces higher unemployment in equilibrium. The upshot is a long run tradeoff between inflation and … unemployment for low levels of inflation. The prediction that low inflation involves higher unemployment in Europe but not in the …
Persistent link: https://www.econbiz.de/10012469850
wage cut. The upshot is a long-run trade-off between inflation and unemployment for low levels of inflation, in spite of … unemployment at zero inflation are related to three factors: the coverage of collective agreements, the legal framework at contract …
Persistent link: https://www.econbiz.de/10014071888
advantage of the workers' induces higher unemployment in equilibrium. The upshot is a long run tradeoff between inflation and … unemployment for low levels of inflation. The prediction that low inflation involves higher unemployment in Europe but not in the …
Persistent link: https://www.econbiz.de/10013237923
International comparisons show that countries with co-ordinated wage setting generally have lower unemployment than … circumstances a passive regime may induce co-operation in wage setting, and thus lower unemployment, when a stricter regime would …
Persistent link: https://www.econbiz.de/10011398035