IDEAS home Printed from https://ideas.repec.org/h/pal/intecp/978-0-333-99275-3_10.html
   My bibliography  Save this book chapter

Rigid Wages: What Have We Learnt from Microeconometric Studies?

In: Advances in Macroeconomic Theory

Author

Listed:
  • Francis Kramarz

    (INSEE and CEPR)

Abstract

In this survey, I intend to describe the latest efforts of labour economists to analyse wage rigidity both in its existence and in its consequences in various countries, in particular the United States and France. There has been recently a renewed interest in questions surrounding wage rigidity, a central concern of many macroeconomists. In addition, the existence of wage rigidities has been viewed by some analysts as the main reason for the high level of European unemployment, in contrast to the North American situation. The stakes are clear enough so that I do not need to spend much time in this introduction on justifying why we should, as economists, be interested in this topic.

Suggested Citation

  • Francis Kramarz, 2001. "Rigid Wages: What Have We Learnt from Microeconometric Studies?," International Economic Association Series, in: Jacques Drèze (ed.), Advances in Macroeconomic Theory, chapter 10, pages 194-216, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-0-333-99275-3_10
    DOI: 10.1057/9780333992753_10
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ester Faia & Vincenzo Pezone, 2024. "The Cost of Wage Rigidity," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 91(1), pages 301-339.
    2. Emmanuel Saez & Pascal Michaillat, 2013. "A Theory of Aggregate Supply and Aggregate Demand as Functions of Market Tightness with Prices as Parameters," 2013 Meeting Papers 1216, Society for Economic Dynamics.
    3. Christoph Knoppik & Thomas Beissinger, 2009. "Downward nominal wage rigidity in Europe: an analysis of European micro data from the ECHP 1994–2001," Empirical Economics, Springer, vol. 36(2), pages 321-338, May.
    4. Addison, John T. & Portugal, Pedro & Varejão, José, 2014. "Labor demand research: Toward a better match between better theory and better data," Labour Economics, Elsevier, vol. 30(C), pages 4-11.
    5. D. Audenaert & J. Bardaji & R. Lardeux & M. Orand & M. Sicsic, 2014. "Wage Resilience in France since the Great Recession," Documents de Travail de l'Insee - INSEE Working Papers g2014-11, Institut National de la Statistique et des Etudes Economiques.
    6. Fagan, Gabriel & Messina, Julián, 2009. "Downward wage rigidity and optimal steady-state inflation," Working Paper Series 1048, European Central Bank.
    7. Lin, Chung-cheng & Yang, C.C., 2008. "The firm as a community explaining asymmetric behavior and downward rigidity of wages," Journal of Economic Behavior & Organization, Elsevier, vol. 68(2), pages 390-400, November.
    8. Ester Faia & Vincenzo Pezone, 2019. "Monetary Policy and the Cost of Wage Rigidity: Evidence from the Stock Market," 2019 Meeting Papers 278, Society for Economic Dynamics.
    9. Montornès, Jérémi & Sauner-Leroy, Jacques-Bernard, 2009. "Wage-setting behavior in France: additional evidence from an ad-hoc survey," Working Paper Series 1102, European Central Bank.
    10. Fuss, Catherine & Wintr, Ladislav & Du Caju, Philip, 2007. "Downward wage rigidity for different workers and firms: an evaluation for Belgium using the IWFP procedure," Working Paper Series 840, European Central Bank.
    11. Pascal Michaillat, 2012. "Do Matching Frictions Explain Unemployment? Not in Bad Times," American Economic Review, American Economic Association, vol. 102(4), pages 1721-1750, June.
    12. Chung-cheng Lin & C.C. Yang, 2006. "The Firm as a Community Explaining Asymmetric Behavior and Downward Rigidity of Wages," IEAS Working Paper : academic research 06-A014, Institute of Economics, Academia Sinica, Taipei, Taiwan.
    13. Jeremi Montornes & Jacques-Bernard Sauner-Leroy, 2015. "Wage-setting Behavior in France: Additional Evidence from an Ad-hoc Survey," Journal of Banking and Financial Economics, University of Warsaw, Faculty of Management, vol. 1(3), pages 5-23, May.
    14. Philip Du Caju & Catherine Fuss & Ladislav Wintr, 2012. "Downward Wage Regidity for Different Workers and Firms," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 55(1), pages 5-32.
    15. Lilia Maliar & Liudmyla Hvozdyk & Serguei Maliar, 2006. "Downward Nominal Wage Rigidity: The Implications From A New-Keynesian Model," Working Papers. Serie AD 2006-04, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    16. Orietta DESSY, 2004. "Nominal wage flexibility and institutions: preliminary micro-evidence from the Europanel," Departmental Working Papers 2004-17, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    17. Orietta DESSY, 2005. "Nominal wage rigidity in Europe: estimates and institutional causes," Departmental Working Papers 2005-09, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    18. Steinar Holden, 2002. "The Costs of Price Stability - Downward Nominal Wage Rigidity in Europe," NBER Working Papers 8865, National Bureau of Economic Research, Inc.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:intecp:978-0-333-99275-3_10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.