Barattieri, Alessandro; Basu, Susanto; Gottschalk, Peter - 2010
correcting for measurement error, wages appear to be very sticky. In the average quarter, the probability that an individual will … peak at 12 months. 5) The probability of a wage change is positively correlated with the unemployment rate and with the … consumer price inflation rate. -- Wage stickiness ; micro-level evidence ; measurement error …