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This paper presents estimates based on individual data of downward nominal and real wage rigidities for thirteen sectors in Belgium, Denmark, Spain and Portugal. Our methodology follows the approach recently developed for the International Wage Flexibility Project, whereby resistance to nominal...
Persistent link: https://www.econbiz.de/10013142586
We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated every period. The workers' bargaining power in the hours negotiation affects both unemployment volatility and inflation persistence. The closer to zero this parameter, (i) the more...
Persistent link: https://www.econbiz.de/10012765186
Recently, a number of authors have argued that the standard search model cannot generate the observed business …
Persistent link: https://www.econbiz.de/10011604899
Recently, a number of authors have argued that the standard search model cannot generate the observed business …
Persistent link: https://www.econbiz.de/10013316636
In this paper I address the question to what extent wages are affected by product market uncertainty. Implicit contract models imply that it is Pareto optimal for risk neutral firms to provide insurance to risk averse workers against shocks. Using matched employer-employee dataset, I adopted the...
Persistent link: https://www.econbiz.de/10013316455
This paper documents the existence and main patterns of inter-industry wage differentials across a large number of industries for 8 EU countries (Belgium, Germany, Greece, Hungary, Ireland, Italy, Netherlands, and Spain) at two points in time (in general 1995 and 2002) and explores possible...
Persistent link: https://www.econbiz.de/10013133674
This paper presents the main findings of a survey conducted on a sample of Portuguese firms. The main aim was to identify some relevant characteristics about the dynamics of prices and wages in Portugal. The most important conclusions are: i) changes to wages are more synchronized than changes...
Persistent link: https://www.econbiz.de/10013128304
The paper aims at investigating to what extent wage negotiation set-ups have shaped up firms' response to the Great Recession, taking a firm-level cross-country perspective. We contribute to the literature by building a new micro-distributed database which merges data related to wage bargaining...
Persistent link: https://www.econbiz.de/10012956268
theoretical predictions of a large class of search and matching models. We also find that wage bargaining shocks explain a sizeable …
Persistent link: https://www.econbiz.de/10013324270
paper, we present a model with equilibrium unemployment which has three distinctive properties. First, using a search and …
Persistent link: https://www.econbiz.de/10012770794