Babecky, Jan; Du Caju, Philip; Kosma, Theodora - 2010
We present new evidence from a unique survey of firms across Europe on downward wage rigidity in both real and nominal … related theoretical models. We also find that wage rigidity depends on the labour market institutional environment. Collective … bargaining coverage is positively related with downward real wage rigidity, measured on the basis of wage indexation. Downward …