Wage Rigidity: Measurement, Causes and Consequences

Details

Serval ID
serval:BIB_24BC58DF4A2F
Type
Article: article from journal or magazin.
Collection
Publications
Title
Wage Rigidity: Measurement, Causes and Consequences
Journal
Economic Journal
Author(s)
Goette L., Sunde U., Bauer T.
ISSN
0013-0133
Publication state
Published
Issued date
2007
Peer-reviewed
Oui
Volume
117
Number
524
Pages
F499 - F507
Language
english
Abstract
Wage rigidity - the observation that wages cannot be adjusted downwards - has important implications for labour markets and macroeconomic performance. Empirical evidence on the extent, causes and consequences of wage rigidity on the individual level is relatively scant, however. This Feature presents articles that apply a new methodology to estimate the incidence and extent of nominal and real wage rigidity among the employed in three major European countries (Germany, Italy and Great Britain). The results document the pervasiveness of nominal and, particularly, real wage rigidity in different institutional and economic environments, and a recent decline in real wage rigidity.
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Create date
10/08/2009 14:03
Last modification date
20/08/2019 14:03
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