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Downward Nominal and Real Wage Rigidity : Survey Evidence from European Firms

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...

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Bibliographic Details
Main Authors: Babecky, Jan, Du Caju, Philip, Kosma, Theodora, Lawless, Martina, Messina, Julian, Room, Tairi
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
ADVERSE SELECTION
ASYMMETRIC INFORMATION
BARGAINING AGREEMENT
BARGAINING POWER
BUSINESS CYCLE
CENTRAL BANKS
COLLECTIVE AGREEMENTS
COLLECTIVE BARGAINING
COMPETITIVE PRESSURE
CONTRACTUAL WAGES
ECONOMIC SHOCKS
ECONOMICS
EFFICIENCY WAGE THEORIES
EFFICIENCY WAGE THEORY
EMPIRICAL STUDIES
EMPLOYMENT
EMPLOYMENT OUTLOOK
EMPLOYMENT PROTECTION LEGISLATION
ENVIRONMENTS
EQUILIBRIUM UNEMPLOYMENT
FAIR
FIRING COSTS
FIRM LEVEL
FIRM SIZE
FIRM SURVEY
GAME THEORY
HOUSEHOLD SURVEY
HOUSEHOLD SURVEYS
HUMAN CAPITAL
IMPLICIT CONTRACTS
INCOME LEVEL
INDEXATION
INFLATION
INSURANCE
JOB LOSS
JOBS
LABOR CONTRACTS
LABOR ECONOMICS
LABOR MARKET
LABOR MARKETS
LABOR TURNOVER
LABOUR
LABOUR COST
LABOUR COSTS
LABOUR MARKET
LABOUR MARKET CHARACTERISTICS
LABOUR MARKET INSTITUTIONS
LABOUR MARKETS
LABOUR REGULATIONS
LABOUR UNIONS
LABOUR-INTENSIVE TECHNOLOGIES
LAYOFFS
MARKET COMPETITION
MONETARY POLICY
MOTIVATION
NOMINAL WAGES
OCCUPATION
PERMANENT WORKERS
POLITICAL ECONOMY
PRESENT STUDY
PRICE CHANGE
PRICE COMPETITION
PRICE LEVEL
PRICE SETTING
PRICE STABILITY
PRIVATE SECTOR
PRODUCT MARKET
PRODUCT MARKET COMPETITION
PRODUCTION TECHNOLOGY
PRODUCTIVITY
REAL INCOME
REAL WAGE
REAL WAGES
RENTS
REPLACEMENT COSTS
RETIREMENT
RIGID WAGES
SKILL GROUPS
SKILLED WORKERS
SMALL MANUFACTURING
TEMPORARY WORKERS
THEORETICAL MODELS
TOTAL WAGE
TOTAL WAGES
TRADE UNIONS
UNEMPLOYMENT
UNEMPLOYMENT INSURANCE
UNION DENSITY
UNION MEMBERSHIP
UNION MEMBERSHIP RATES
WAGE ADJUSTMENT
WAGE BARGAINING
WAGE BILL
WAGE DETERMINATION
WAGE FLEXIBILITY
WAGE INCREASES
WAGE LEVEL
WAGE LEVELS
WAGE NEGOTIATION
WAGE NEGOTIATIONS
WAGE RIGIDITIES
WAGE RIGIDITY
WAGES
WORKER
Online Access:http://documents.worldbank.org/curated/en/2009/12/11561636/downward-nominal-real-wage-rigidity-survey-evidence-european-firms
http://hdl.handle.net/10986/19955

Internet

http://documents.worldbank.org/curated/en/2009/12/11561636/downward-nominal-real-wage-rigidity-survey-evidence-european-firms
http://hdl.handle.net/10986/19955

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