Barattieri, Alessandro; Basu, Susanto; Gottschalk, Peter - In: American Economic Journal: Macroeconomics 6 (2014) 1, pp. 70-101
We present evidence on the frequency of nominal wage adjustment using SIPP data adjusted for measurement error. The SIPP is a representative sample of the US population. Our main results are: (i) The average quarterly probability of a nominal wage change is between 21.1 and 26.6 percent,...