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How Rigid are Nominal Wages? Evidence and Implications for Germany
Knoppik, Christoph; Beissinger, Thomas - Institute for the Study of Labor (IZA) - 2001
find a high degree of downward nominal wage rigidity, which for rates of inflation lower than three percent is shown to … lead to higher equilibrium unemployment via the generated real wage wedge. …
Persistent link: https://www.econbiz.de/10005822114
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Some evidence on the importance of sticky wages
Barattieri, Alessandro; Basu, Susanto; Gottschalk, Peter - 2010
peak at 12 months. 5) The probability of a wage change is positively correlated with the unemployment rate and with the … consumer price inflation rate. …
Persistent link: https://www.econbiz.de/10010269928
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Some Evidence on the Importance of Sticky Wages
Barattieri, Alessandro; Basu, Susanto; Gottschalk, Peter - 2010
peak at 12 months. (5) The probability of a wage change is positively correlated with the unemployment rate and with the … consumer price inflation rate. …
Persistent link: https://www.econbiz.de/10010280950
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Downward Nominal Wage Rigidity in Europe : An Analysis of European Micro Data from the ECHP 1994-2001
Knoppik, Christoph; Beissinger, Thomas - 2005
This paper substantially extends the limited available evidence on existence and extent of downward nominal wage rigidity in the European Union and the Euro Area. For this purpose we develop an econometric multi-country model based on Kahn?s (1997) histogram-location approach and apply it to...
Persistent link: https://www.econbiz.de/10010262208
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Why Does Unemployment Hurt the Employed? Evidence from the Life Satisfaction Gap between the Public and the Private Sector
Luechinger, Simon; Meier, Stephan; Stutzer, Alois - 2008
High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well … individual panel data for Germany and repeated cross-sectional data for the United States and the European Union show that the … sensitivity of subjective well-being to fluctuations in unemployment rates is much lower in the public sector than in the private …
Persistent link: https://www.econbiz.de/10011390631
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Why does unemployment hurt the employed? Evidence from the life satisfaction gap between the public and private sectors
Luechinger, Simon; Meier, Stephan; Stutzer, Alois - 2008
High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well … individual panel data for Germany and repeated cross-sectional data for the United States and the European Union show that the … sensitivity of subjective well-being to fluctuations in unemployment rates is much lower in the public sector than in the private …
Persistent link: https://www.econbiz.de/10010282761
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Downward Nominal Wage Rigidity in Europe: An Analysis of European Micro Data from the ECHP 1994-2001
Knoppik, Christoph; Beissinger, Thomas - Wirtschaftswissenschaftliche Fakultät, Universität … - 2005
This paper substantially extends the limited available evidence on existence and extent of downward nominal wage rigidity in the European Union and the Euro Area. For this purpose we develop an econometric multi-country model based on Kahn�s (1997) histogram-location approach and apply it to...
Persistent link: https://www.econbiz.de/10005063026
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Downward nominal wage rigidity in Poland
Brzoza-Brzezina, Michal; Socha, Jacek - Volkswirtschaftliche Fakultät, … - 2006
We use data on enterprise level from a survey of medium sized and big companies to test for downward nominal wage rigidity in Poland. We find relatively weak support for downward nominal wage rigidity when average total compensation in the enterprise is taken into account. However, since this...
Persistent link: https://www.econbiz.de/10005619791
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Sticky wages in search and matching models in the short and long run
Reicher, Christopher Phillip - 2011
labor input, but it predicts a strong counterfactually negative long run relationship between inflation and unemployment … negative long run relationship between trend inflation and unemployment provides indirect evidence against the proposed …. This finding is robust to including a microeconomically realistic degree of indexation of wages to inflation. The lack of a …
Persistent link: https://www.econbiz.de/10010277345
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Ausmaß und reale Konsequenzen nach unten starrer Nominallöhne
Blaes, Barno - 2008
Nominallöhne in Deutschland. Unter Verwendung von drei alternativen Modellvarianten für die proportionale … Abwärtsnominallohnstarrheit in Deutschland erheblich ist. Die realen Implikationen der nach unten starren Nominallöhne sind bei konstantem … Abwärtsnominallohnstarrheit vom inflationären Umfeld selbst abhängt und in Phasen mit niedriger Inflation sinkt. …
Persistent link: https://www.econbiz.de/10010294669