Mathä, Thomas; Millard, Stephen Patrick; Rõõm, Tairi; … - 2019
We use firm-level survey data from 25 EU countries to analyse how firms adjust their labour costs (employment, wages … likely to reduce employment, then hourly wages and then hours worked, regardless of the source of the shock. Results for the … response to positive shocks in 2010-13, firms were more likely to increase wages, followed by increases in employment and then …
