Babecky, Jan; Caju, Philip Du; Kosma, Theodora; … - Nationale Bank van België/Banque national de Belqique (BNB) - 2009
It has been well established that the wages of individual workers react little, especially downwards, to shocks that hit their employer. This paper presents new evidence from a unique survey of firms across Europe on the prevalence of downward wage rigidity in both real and nominal terms. We...
