The rarity with which firms reduce nominal wages has been frequently observed, even in the face of considerable … incidence of wage cuts and to assess the relevance of a range of potential reasons for why they avoid cutting wages. Concerns …

Wages directly affect the wellbeing and living conditions of the working population, household consumption and domestic … measurements used. First, we look at the most frequently used data sources for information on individual wages (national accounts … definitions applied (labour cost, compensation, wages and salaries, gross earnings) and measurement issues (employees, full …