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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 …. Our findings confirm the presence of wage rigidities in Europe: first, collective pay agreements reduce the probability of … results point to a negative effect of downward wage rigidities on employment at the firm level …
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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 …. Our findings confirm the presence of wage rigidities in Europe: first, collective pay agreements reduce the probability of … results point to a negative effect of downward wage rigidities on employment at the firm level …
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