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In this paper we examine nominal earnings flexibility in Ireland during the Great Recession. The Irish case is … flexibility in Ireland in the pre-crisis period. Furthermore, we observe a significant change in wage dynamics since the crisis …
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There is considerable debate about the role of wage rigidity in explaining unemployment. Despite a large body of … have been hampered by small samples and measurement error. In this paper we examine nominal wage flexibility in Ireland … workers in Ireland taken from tax returns, which are free of reporting error. We find a substantial degree of downward wage …
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