Add to ORKGUsing the accurate and extensive data available in the UK New Earnings Survey, this paper investigates the extent to which nominal wages are downwardly rigid and whether such rigidity interferes with necessary real wage adjustments when inflation is low. Despite the substantial numbers of individuals whose nominal wages fall from one year to the next, we find that there is evidence of some rigidity at zero nominal wage change. While the effect is statistically significant, the macroeconomic impact of the distortion is very modest
How much changed regarding the wage employment relationship in Britain between 1979 and 1994, as the...
We examine representative, group-level wage settlement data to augment the debate on nominal pay rig...
This study examines the effect of nominal-wage rigidities on wage growth in Canada using a hazard mo...
Using the accurate and extensive data available in the UK New Earnings Survey, this paper investigat...
Using the accurate and extensive data available in the UK New Earnings Survey, this paper investigat...
This paper studies the degree of downward rigidity in nominal wages in the United Kingdom using micr...
We use over a decade of representative payroll data from Great Britain to study the nominal wage cha...
The Paper examines real and nominal wage rigidities. We estimate a switching regime model, in which ...
In the presence of downwardly rigid nominal wages, low inflation may lead to higher equilibrium unem...
This paper reviews the literature on the effects of low steady-state inflation on wage formation, fo...
This paper reviews the literature on the effects of low steady-state inflation on wage formation, fo...
This paper tests for nominal salary rigidity using panel data from two large service-sector firms. D...
Using the Panel Study of Income Dynamics, we find that true wage changes have many fewer nominal cut...
Wage rigidity – the observation that wages cannot be adjusted downwards – has important implica-tion...
This paper seeks to contribute to the literature on downward nominal wage rigidity (DNWR) along two ...
How much changed regarding the wage employment relationship in Britain between 1979 and 1994, as the...
We examine representative, group-level wage settlement data to augment the debate on nominal pay rig...
This study examines the effect of nominal-wage rigidities on wage growth in Canada using a hazard mo...
Using the accurate and extensive data available in the UK New Earnings Survey, this paper investigat...
Using the accurate and extensive data available in the UK New Earnings Survey, this paper investigat...
This paper studies the degree of downward rigidity in nominal wages in the United Kingdom using micr...
We use over a decade of representative payroll data from Great Britain to study the nominal wage cha...
The Paper examines real and nominal wage rigidities. We estimate a switching regime model, in which ...
In the presence of downwardly rigid nominal wages, low inflation may lead to higher equilibrium unem...
This paper reviews the literature on the effects of low steady-state inflation on wage formation, fo...
This paper reviews the literature on the effects of low steady-state inflation on wage formation, fo...
This paper tests for nominal salary rigidity using panel data from two large service-sector firms. D...
Using the Panel Study of Income Dynamics, we find that true wage changes have many fewer nominal cut...
Wage rigidity – the observation that wages cannot be adjusted downwards – has important implica-tion...
This paper seeks to contribute to the literature on downward nominal wage rigidity (DNWR) along two ...
How much changed regarding the wage employment relationship in Britain between 1979 and 1994, as the...
We examine representative, group-level wage settlement data to augment the debate on nominal pay rig...
This study examines the effect of nominal-wage rigidities on wage growth in Canada using a hazard mo...