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We explore the impact of wage adjustment on employment with a focus on the role of downward nominal wage rigidities. We … results point to a negative effect of downward wage rigidities on employment at the firm level …
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wages. We estimate a negative connection between establishments' wage cyclicality and their employment cyclicality, thereby … cycle. While wages of the median establishment are moderately procyclical, 36 percent of establishments have countercyclical …
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wages. We estimate a negative connection between establishments' wage cyclicality and their employment cyclicality, thereby … cycle. While wages of the median establishment are moderately procyclical, 36 percent of establishments have countercyclical …
Persistent link: https://www.econbiz.de/10012619265