Real and nominal wage rigidities in collective bargaining agreements

Arbeitspapier

An earlier study of wage agreements, reached in the Canadian unionized sector between 1976-99, found that wage adjustment is characterized by downward nominal rigidity and significant spikes at zero. We extend this earlier approach to encompass the possibility of real as well as nominal wage rigidity. The addition of real wage rigidity variables enhances earlier results and suggests that real rigidity increases significantly the mass in the histogram bin containing the mean anticipated rate of inflation, as well as in adjacent bins. Downward nominal wage rigidities and spikes at zero remain important.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 2799

Classification and Topics

• Classification: Wirtschaft
• Subject: Lohnrigidität ; Lohnverhandlungstheorie ; Inflation ; Kanada

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Christofides, Louis N. ; Nearchou, Paris
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2007

Further information

• Handle: http://hdl.handle.net/10419/34673
• URN: urn:nbn:de:101:1-20080401318
• Last update: 10.03.2025, 11:45 AM CET