Sanz-de-Galdeano, Anna; Turunen, Jarkko - 2021
longitudinal data on individuals. Wage rigidity is measured by the elasticity of individual real wages with respect to local …We present empirical evidence of the extent of wage rigidity in the euro area and European countries derived from … unemployment. The results suggest that the elasticity is indeed negative, i.e. that real wages are lower in local labour markets …