Arbeitspapier

Downward nominal wage rigidity in the OECD

This paper explores the existence of downward nominal wage rigidity (DNWR) in 19 OECD countries, over the period 1973–1999, using data for hourly nominal wages at industry level. Based on a novel nonparametric statistical method, which allows for country and year specific variation in both the median and the dispersion of industry wage changes, we reject the hypothesis of no DNWR. The fraction of wage cuts prevented due to DNWR has fallen over time, from 70 percent in the 1970s to 11 percent in the late 1990s, but the number of industries affected by DNWR has increased. DNWR is more prevalent when inflation is high,unemployment is low, union density is high and employment protection legislation is strict.

Sprache
Englisch

Erschienen in
Series: Memorandum ; No. 2005,10

Klassifikation
Wirtschaft
Semiparametric and Nonparametric Methods: General
Statistical Simulation Methods: General
Price Level; Inflation; Deflation
Thema
Downward nominal wage rigidity
OECD
employment protection legislation
wage setting
Lohnrigidität
Arbeitsmarktflexibilisierung
Schätzung
OECD-Staaten

Ereignis
Geistige Schöpfung
(wer)
Holden, Steinar
Wulfsberg, Fredrik
Ereignis
Veröffentlichung
(wer)
University of Oslo, Department of Economics
(wo)
Oslo
(wann)
2005

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Holden, Steinar
  • Wulfsberg, Fredrik
  • University of Oslo, Department of Economics

Entstanden

  • 2005

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