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Persistent link: https://www.econbiz.de/10011695690
Using the accurate and extensive data available in the UK New Earnings Survey, this paper investigates the extent to which nominal wages are downwardly rigid and whether such rigidity interferes with necessary real wage adjustments when inflation is low. Despite the substantial numbers of...
Persistent link: https://www.econbiz.de/10005016981
Persistent link: https://www.econbiz.de/10004998674
Using the accurate and extensive data available in the UK New Earnings Survey, this paper investigates the extent to which nominal wages are downwardly rigid and whether such rigidity interferes with necessary real wage adjustments when inflation is low. Despite the substantial numbers of...
Persistent link: https://www.econbiz.de/10010746590