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The Costs of Price Stability : Downward Nominal Wage Rigidity in Europe
Holden, Steinar - 2004
In most European countries, the prevailing terms of employment, including the nominal wage, can be changed only by mutual consent. This legal feature gives workers a strategic advantage in wage negotiations when employers push for a nominal wage cut. The upshot is a long-run trade-off between...
Persistent link: https://www.econbiz.de/10014071888
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The Costs of Price Stability - Downward Nominal Wage Rigidity in Europe
Holden, Steinar - 2021
In most European countries, the prevailing terms of employment, including the nominal wage, can only be changed by mutual consent. I show that this feature implies that workers have a strategic advantage in the wage negotiations when they try to prevent a cut in nominal wages. If inflation is so...
Persistent link: https://www.econbiz.de/10013237923
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Gewerkschaften, Lohnstarrheit und Beschäftigung : weniger Arbeitslosigkeit durch eine Deregulierung der Lohnbildung?
Schwedler, Thomas - 1996
Persistent link: https://www.econbiz.de/10013428796
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Staggered Wage Setting Without Money Illusion : Variations on a Theme of Taylor
Buiter, Willem H.; Jewitt, Ian - 2021
In a number of influential recent papers, Taylor (1979a, b; 1980a, b) has analyzed the behaviour of an economy characterized by staggered over-lapping wage contracts and rational expectations. His model has the "Keynesian" feature that the second moment of the distribution function of real output...
Persistent link: https://www.econbiz.de/10013221541
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Wage differentials across sectors in Europe : an east-west comparison
Magda, Iga; Rycx, François; Tojerow, Ilan; Valsamis, … - 2008
countries (namely Belgium, Italy, the Netherlands, Norway, Portugal and Spain compared with Latvia, Lithuania, the Czech … countries. It is relatively small in Norway and Belgium, large in the Netherlands, Italy, Spain, Poland and the Czech Republic …, and very large in Portugal, Latvia, Lithuania and Slovakia. Our findings support the hypothesis of a negative relationship …
Persistent link: https://www.econbiz.de/10003777922
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Wages, labor or prices : how do firms react to shocks?
Dhyne, Emmanuel; Druant, Martine - 2010
Survey results in 15 European countries for almost 15,000 firms reveal that Belgian firms react more than the average European firm to adverse shocks by reducing permanent and temporary employment. On the basis of a firm-level analysis, this paper confirms that the different reaction to shocks...
Persistent link: https://www.econbiz.de/10003986685
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Wages, labor or prices : how do firms react to shocks?
Dhyne, Emmanuel; Druant, Martine - 2010
Persistent link: https://www.econbiz.de/10003989234
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Wages, Labor or Prices : How do Firms React to Shocks?
Dhyne, Emmanuel - 2010
Survey results in 15 European countries for almost 15,000 firms reveal that Belgian firms react more than the average European firm to adverse shocks by reducing permanent and temporary employment. On the basis of a firm-level analysis, this paper confirms that the different reaction to shocks...
Persistent link: https://www.econbiz.de/10013141681
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Wages, Labor or Prices : How Do Firms React to Shocks?
Dhyne, Emmanuel - 2010
Survey results in 15 European countries for almost 15,000 firms reveal that Belgian firms react more than the average European firm to adverse shocks by reducing permanent and temporary employment. On the basis of a firm-level analysis, this paper confirms that the different reaction to shocks...
Persistent link: https://www.econbiz.de/10013137941