Fabiani, Silvia; Lamo, Ana; Messina, Julián; Rõõm, Tairi - In: IZA journal of labor policy 4 (2015), pp. 1-28
adopted by summer 2009. Remarkably, not even during the worst postwar recession did employers cut base wages to reduce costs …. Different combinations of adjustment strategies are apparent, and the particular choices of labour costs adjustments depend …