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

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

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

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