Sigurdsson, Jósef; Sigurdardottir, Rannveig - Sedlabanki Íslands - 2011
This paper presents new evidence about wage stickiness and the nature of wage setting. We use a unique micro dataset on monthly frequency, covering wages in the Icelandic private sector for the period from 1998-2010, and draw the following conclusions. First, the mean frequency of wage change is...