Amirault, David; Fenton, Paul R.; Laflèche, Thérèse - 2013
managers consider when setting wages for their employees. Depending on firm size, different strategies are used to gain … information about the market wage. Other important factors taken into account when setting wages include the firm's profitability … informal backward-looking link. Survey results also suggest that managers are very reluctant to cut nominal base wages in times …