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How prevalent is downward rigidity in nominal wages? : international evidence from payroll records and pay slips

Elsby, Michael W. L.; Solon, Gary - 2019 - This version: January 25, 2019

For more than 80 years, many macroeconomic analyses have been premised on the assumption that workers' nominal wage rates cannot be cut. Contrary evidence from household surveys reasonably has been discounted on the ground that the measurement of frequent wage cuts might be an artifact of...

Persistent link: https://www.econbiz.de/10011977635