Devicienti, Francesco; Maida, Agata; Sestito, Paolo - In: Economic Journal 117 (2007) 524, pp. 530-530
Using the 1985-99 "WHIP" data, we find a sizable amount of downward wage rigidity in Italy, with a prevalence of real over nominal rigidity. The results hold when real rigidity is identified either with reference to collective bargaining dispositions or to price inflation. Consistently with the...