Kosma, Theodora; Babecký, Jan; Du Caju, Philip; … - 2022
downward wage rigidity in both real and nominal terms. We analyse which firm-level and institutional factors are associated … with wage rigidity. Our results indicate that it is related to workforce composition at the establishment level in a manner … that is consistent with related theoretical models (e.g. efficiency wage theory, insideroutsider theory). We also find that …