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Why do wages become more rigid during a recession than during a boom?

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  • Izumi Yokoyama

Abstract

J30; J33; J63 Copyright Yokoyama; licensee Springer. 2014

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  • Izumi Yokoyama, 2014. "Why do wages become more rigid during a recession than during a boom?," IZA Journal of Labor Economics, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 3(1), pages 1-23, December.
    • Handle: RePEc:spr:izalbr:v:3:y:2014:i:1:p:1-23:10.1186/2193-8997-3-6
    DOI: 10.1186/2193-8997-3-6
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    References listed on IDEAS

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    1. Laing, D., 1990. "Involuntary Layoffs in a Model with Asymmetry Information Concerning Worker Ability," Papers 12-90-4, Pennsylvania State - Department of Economics.
    2. Mr. Chad Steinberg & Mr. Masato Nakane, 2011. "To Fire or to Hoard? Explaining Japan’s Labor Market Response in the Great Recession," IMF Working Papers 2011/015, International Monetary Fund.
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    Cited by:

    1. YOKOYAMA Izumi & KODAMA Naomi & HIGUCHI Yoshio, 2016. "What Happened to Wage Inequality in Japan during the Last 25 Years? Evidence from the FFL decomposition method," Discussion papers 16081, Research Institute of Economy, Trade and Industry (RIETI).
    2. KODAMA Naomi & YOKOYAMA Izumi, 2017. "Labor Market Impact of Labor Cost Increase without Productivity Gain: A natural experiment from the 2003 social insurance premium reform in Japan," Discussion papers 17093, Research Institute of Economy, Trade and Industry (RIETI).
    3. Izumi Yokoyama & Takuya Obara, 2017. "Optimal combination of wage cuts and layoffs—the unexpected side effect of a performance-based payment system," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 6(1), pages 1-15, December.
    4. Lai, Yanqing & Saridakis, George & Blackburn, Robert & Johnstone, Stewart, 2016. "Are the HR responses of small firms different from large firms in times of recession?," Journal of Business Venturing, Elsevier, vol. 31(1), pages 113-131.

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