Adamopoulou, Effrosyni; Díez-Catalán, Luis; … - 2024
This paper studies the impact of downward wage rigidity on wage and employment dynamics after the outbreak of major … recessions in Spain. Downward wage rigidity stems from collective agreements, which set province-sector-skill specific minimum … wage floors for all workers. By exploiting variation in the renewal of collective contracts, we find that agreements signed …