How Rigid are Nominal Wages? Evidence and Implications for Germany
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Christoph Knoppik & Thomas Beissinger, 2003. "How Rigid are Nominal Wages? Evidence and Implications for Germany," Scandinavian Journal of Economics, Wiley Blackwell, vol. 105(4), pages 619-641, December.
References listed on IDEAS
- Joseph G. Altonji & Paul J. Devereux, 1999.
"The Extent and Consequences of Downward Nominal Wage Rigidity,"
NBER Working Papers
7236, National Bureau of Economic Research, Inc.
- Paul J. Devereux & Joseph G. Altonji, 2000. "The extent and consequences of downward nominal wage rigidity," Open Access publications 10197/311, School of Economics, University College Dublin.
- Franz, Wolfgang, 2000. "Neues von der NAIRU?," ZEW Discussion Papers 00-41, ZEW - Leibniz Centre for European Economic Research.
- Kahn, Shulamit, 1997. "Evidence of Nominal Wage Stickiness from Microdata," American Economic Review, American Economic Association, vol. 87(5), pages 993-1008, December.
- George A. Akerlof & William R. Dickens & George L. Perry, 1996. "The Macroeconomics of Low Inflation," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 27(1), pages 1-76.
- Tobin, James, 1972. "Inflation and Unemployment," American Economic Review, American Economic Association, vol. 62(1), pages 1-18, March.
- Stephen Nickell & Glenda Quintini, 2003.
"Nominal wage rigidity and the rate of inflation,"
Economic Journal, Royal Economic Society, vol. 113(490), pages 762-781, October.
- Nickell, Stephen & Quintini, Glenda, 2001. "Nominal wage rigidity and the rate of inflation," LSE Research Online Documents on Economics 20131, London School of Economics and Political Science, LSE Library.
- Stephen Nickell & Glenda Quintini, 2001. "Nominal Wage Rigidity and the Rate of Inflation," CEP Discussion Papers dp0489, Centre for Economic Performance, LSE.
- David Card & Dean Hyslop, 1997.
"Does Inflation "Grease the Wheels of the Labor Market"?,"
NBER Chapters, in: Reducing Inflation: Motivation and Strategy, pages 71-122,
National Bureau of Economic Research, Inc.
- David Card & Dean Hyslop, 1995. "Does Inflation "Grease the Wheels of the Labor Market"?," Working Papers 735, Princeton University, Department of Economics, Industrial Relations Section..
- David Card & Dean Hyslop, 1996. "Does Inflation "Grease the Wheels of the Labor Market"?," NBER Working Papers 5538, National Bureau of Economic Research, Inc.
- Fehr, Ernst & Goette, Lorenz, 2005.
"Robustness and real consequences of nominal wage rigidity,"
Journal of Monetary Economics, Elsevier, vol. 52(4), pages 779-804, May.
- Ernst Fehr & Lorenz Goette, "undated". "Robustness and Real Consequences of Nominal Wage Rigidity," IEW - Working Papers 044, Institute for Empirical Research in Economics - University of Zurich.
- Ernst Fehr & Lorenz Goette, 2004. "Robustness And Real Consequences Of Nominal Wage Rigidity," Macroeconomics 0409025, University Library of Munich, Germany.
- Ernst Fehr & Lorenz Götte, 2000. "Robustness and Real Consequences of Nominal Wage Rigidity," CESifo Working Paper Series 335, CESifo.
- Fehr, Ernst, 2000. "The Robustness and Real Consequences of Nominal Wage Rigidity," CEPR Discussion Papers 2516, C.E.P.R. Discussion Papers.
- Fehr, Ernst & Götte, Lorenz, 2007. "Robustness and Real Consequences of Nominal Wage Rigidity," Kiel Working Papers 1343, Kiel Institute for the World Economy (IfW Kiel).
- Thanasis Stengos & Louis N. Christofides, 2002. "The symmetry of the wage-change distribution: Survey and contract data," Empirical Economics, Springer, vol. 27(4), pages 705-723.
- Holden,S., 2001.
"Monetary policy and nominal rigidities under low inflation,"
Memorandum
16/2001, Oslo University, Department of Economics.
- Steinar Holden, 2001. "Monetary Policy and Nominal Rigidities under Low Inflation," CESifo Working Paper Series 481, CESifo.
- David E. Lebow & Raven E. Saks & Beth Anne Wilson, 1999. "Downward nominal wage rigidity: evidence from the employment cost index," Finance and Economics Discussion Series 1999-31, Board of Governors of the Federal Reserve System (U.S.).
- Christina D. Romer & David H. Romer, 1997. "Reducing Inflation: Motivation and Strategy," NBER Books, National Bureau of Economic Research, Inc, number rome97-1.
- Joseph Stiglitz, 1997. "Reflections on the Natural Rate Hypothesis," Journal of Economic Perspectives, American Economic Association, vol. 11(1), pages 3-10, Winter.
- Holden, Steinar, 1994. "Wage bargaining and nominal rigidities," European Economic Review, Elsevier, vol. 38(5), pages 1021-1039, May.
- Kenneth J. McLaughlin, 1999. "Are nominal wage changes skewed away from wage cuts?," Review, Federal Reserve Bank of St. Louis, issue May, pages 117-132.
- Jean Farès & Seamus Hogan, 2000. "The Employment Costs of Downward Nominal-Wage Rigidity," Staff Working Papers 00-1, Bank of Canada.
- McLaughlin, Kenneth J., 1994.
"Rigid wages?,"
Journal of Monetary Economics, Elsevier, vol. 34(3), pages 383-414, December.
- Mclaughlin, K.J., 1990. "Rigid Wages?," RCER Working Papers 229, University of Rochester - Center for Economic Research (RCER).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Louis N. Christofides & Thanasis Stengos, 2003.
"Wage Rigidity in Canadian Collective Bargaining Agreements,"
ILR Review, Cornell University, ILR School, vol. 56(3), pages 429-448, April.
- Louis N. Christofides & Thanasis Stengos, 2003. "Wage Rigidity in Canadian Collective Bargaining Agreements," University of Cyprus Working Papers in Economics 1-2003, University of Cyprus Department of Economics.
- Elsby, Michael W.L., 2009.
"Evaluating the economic significance of downward nominal wage rigidity,"
Journal of Monetary Economics, Elsevier, vol. 56(2), pages 154-169, March.
- Michael W. L. Elsby, 2005. "Evaluating the Economic Significance of Downward Nominal Wage Rigidity," CEP Discussion Papers dp0704, Centre for Economic Performance, LSE.
- Michael W. Elsby, 2006. "Evaluating the Economic Significance of Downward Nominal Wage Rigidity," NBER Working Papers 12611, National Bureau of Economic Research, Inc.
- Elsby, Michael W. L., 2005. "Evaluating the economic significance of downward nominal wage rigidity," LSE Research Online Documents on Economics 19882, London School of Economics and Political Science, LSE Library.
- Dany Brouillette & Olena Kostyshyna & Natalia Kyui, 2018.
"Downward nominal wage rigidity in Canada: Evidence from micro-level data,"
Canadian Journal of Economics, Canadian Economics Association, vol. 51(3), pages 968-1002, August.
- Dany Brouillette & Olena Kostyshyna & Natalia Kyui, 2018. "Downward nominal wage rigidity in Canada: Evidence from micro‐level data," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 51(3), pages 968-1002, August.
- Dany Brouillette & Olena Kostyshyna & Natalia Kyui, 2016. "Downward Nominal Wage Rigidity in Canada: Evidence from Micro- Level Data," Staff Working Papers 16-40, Bank of Canada.
- Thomas Beissinger & Chritoph Knoppik, 2005.
"Sind Nominallöhne starr? Neuere Evidenz und wirtschaftspolitische Implikationen,"
Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 6(2), pages 171-188, May.
- Beissinger, Thomas & Knoppik, Christoph, 2003. "Sind Nominallöhne starr? Neuere Evidenz und wirtschaftspolitische Implikationen," IZA Discussion Papers 800, Institute of Labor Economics (IZA).
- Beissinger Thomas & Knoppik Christoph, 2001.
"Downward Nominal Rigidity in West German Earnings, 1975-95,"
German Economic Review, De Gruyter, vol. 2(4), pages 385-417, December.
- Thomas Beissinger & Christoph Knoppik, 2001. "Downward Nominal Rigidity in West German Earnings, 1975–95," German Economic Review, Verein für Socialpolitik, vol. 2(4), pages 385-417, November.
- Steinar Holden & Fredrik Wulfsberg, 2004.
"Downward Nominal Wage Rigidity in Europe,"
Working Paper
2004/5, Norges Bank.
- Holden, Steinar & Wulfsberg, Fredrik, 2004. "Downward Nominal Wage Rigidity in Europe," Memorandum 08/2004, Oslo University, Department of Economics.
- Louis Christofides & Thanasis Stengos, 2001. "Nominal Wage Rigidity: Non-Parametric Tests Based on Union Data for Canada," CESifo Working Paper Series 535, CESifo.
- Barno Blaes, 2008. "Ausmaß und reale Konsequenzen nach unten starrer Nominallöhne," Working Papers 048, Bavarian Graduate Program in Economics (BGPE).
- Pierre Fortin & George A. Akerlof & William T. Dickens & George L. Perry, 2002. "Inflation and Unemployment in the U.S. and Canada: A Common Framework," Cahiers de recherche du Département des sciences économiques, UQAM 20-16, Université du Québec à Montréal, Département des sciences économiques.
- Kuroda, Sachiko & Yamamoto, Isamu, 2003. "The Impact of Downward Nominal Wage Rigidity on the Unemployment Rate: Quantitative Evidence from Japan," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 21(4), pages 57-85, December.
- Daniel Schäfer & Carl Singleton, 2020.
"Nominal Wage Adjustments and the Composition of Pay: New Evidence from Payroll Data,"
Economics working papers
2020-11, Department of Economics, Johannes Kepler University Linz, Austria.
- Daniel Schaefer & Carl Singleton, 2020. "Nominal Wage Adjustments and the Composition of Pay: New Evidence from Payroll Data," Economics Discussion Papers em-dp2020-01, Department of Economics, University of Reading.
- Lundborg, Per, 2008. "Wage Redistribution and the Long Run Phillips Curve," Working Paper Series 3/2008, Stockholm University, Swedish Institute for Social Research.
- Castellanos, Sara G. & Garcia-Verdu, Rodrigo & Kaplan, David S., 2004.
"Nominal wage rigidities in Mexico: evidence from social security records,"
Journal of Development Economics, Elsevier, vol. 75(2), pages 507-533, December.
- Sara G. Castellanos & Rodrigo Garcia-Verdu & David S. Kaplan, 2004. "Nominal Wage Rigidities in Mexico: Evidence from Social Security Records," NBER Working Papers 10383, National Bureau of Economic Research, Inc.
- Holden Steinar & Wulfsberg Fredrik, 2008.
"Downward Nominal Wage Rigidity in the OECD,"
The B.E. Journal of Macroeconomics, De Gruyter, vol. 8(1), pages 1-50, April.
- Holden, Steinar & Wulfsberg, Fredrik, 2005. "Downward Nominal Wage Rigidity in the OECD," Memorandum 10/2005, Oslo University, Department of Economics.
- Holden, Steinar & Wulfsberg, Fredrik, 2007. "Downward nominal wage rigidity in the OECD," Working Paper Series 777, European Central Bank.
- Steinar Holden & Fredrik Wulfsberg, 2007. "Downward Nominal Wage Rigidity in the OECD," CESifo Working Paper Series 2009, CESifo.
- Kuroda, Sachiko & Yamamoto, Isamu, 2003. "Are Japanese Nominal Wages Downwardly Rigid? (Part II): Examinations Using a Friction Model," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 21(2), pages 31-68, August.
- Steinar Holden & Fredrik Wulfsberg, 2004. "Downward Nominal Wage Rigidity in Europe (new title: The costs of price stability - downward nominal wage rigidity in Europe)," CESifo Working Paper Series 1177, CESifo.
- David E. Lebow & Raven E. Saks & Beth Anne Wilson, 1999. "Downward nominal wage rigidity: evidence from the employment cost index," Finance and Economics Discussion Series 1999-31, Board of Governors of the Federal Reserve System (U.S.).
- Bruce Fallick & Daniel Villar Vallenas & William L. Wascher, 2016.
"Downward Nominal Wage Rigidity in the United States During and After the Great Recession,"
Finance and Economics Discussion Series
2016-001r1, Board of Governors of the Federal Reserve System (U.S.), revised 15 May 2020.
- Bruce Fallick & Michael Lettau & William L. Wascher, 2016. "Downward Nominal Wage Rigidity in the United States during and after the Great Recession," Working Papers (Old Series) 1602, Federal Reserve Bank of Cleveland.
- Bruce Fallick & Daniel Villar Vallenas & William L. Wascher, 2020. "Downward Nominal Wage Rigidity in the United States during and after the Great Recession," Working Papers 16-02R, Federal Reserve Bank of Cleveland.
- Thomas Bauer & Holger Bonin & Lorenz Goette & Uwe Sunde, 2007.
"Real and Nominal Wage Rigidities and the Rate of Inflation: Evidence from West German Micro Data,"
Economic Journal, Royal Economic Society, vol. 117(524), pages 508-529, November.
- Bauer, Thomas K. & Bonin, Holger & Sunde, Uwe, 2003. "Real and Nominal Wage Rigidities and the Rate of Inflation: Evidence from West German Micro Data," IZA Discussion Papers 959, Institute of Labor Economics (IZA).
- Bauer, Thomas & Bonin, Holger & Sunde, Uwe, 2004. "Real and Nominal Wage Rigidities and the Rate of Inflation: Evidence from West German Microdata," CEPR Discussion Papers 4271, C.E.P.R. Discussion Papers.
- Bauer, Thomas K. & Bonin, Holger & Sunde, Uwe, 2004. "Real and Nominal Wage Rigidities and the Rate of Inflation: Evidence from West German Micro Data," RWI Discussion Papers 12, RWI - Leibniz-Institut für Wirtschaftsforschung.
- Bauer, Thomas K. & Bonin, Holger & Goette, Lorenz & Sunde, Uwe, 2007. "Real and nominal wage rigidities and the rate of inflation: Evidence from West German micro data," Munich Reprints in Economics 20121, University of Munich, Department of Economics.
- Steinar Holden, 2005.
"Wage Formation under Low Inflation,"
Springer Books, in: Hannu Piekkola & Kenneth Snellman (ed.), Collective Bargaining and Wage Formation, pages 39-57,
Springer.
- Holden, Steinar, 2004. "Wage formation under low inflation," Memorandum 09/2004, Oslo University, Department of Economics.
- Steinar Holden, 2004. "Wage formation under low inflation," Working Paper 2004/14, Norges Bank.
- Steinar Holden, 2004. "Wage Formation under Low Inflation," CESifo Working Paper Series 1252, CESifo.
More about this item
Keywords
unemployment; Downward nominal wage rigidity; inflation; target; Germany;All these keywords.
JEL classification:
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
- J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-EEC-2001-09-26 (European Economics)
Statistics
Access and download statisticsCorrections
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:iza:izadps:dp357. 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.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Holger Hinte (email available below). General contact details of provider: https://edirc.repec.org/data/izaaade.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.