Arbeitspapier
Labor cost pass-through to producer prices in Denmark
We estimate the pass-through of a cost-push wage shock to producer prices of firms in Denmark. We deal with the endogeneity of wages by using an identification strategy based on variation in the estimated outside option of workers within an industry. Our results suggest that the pass-through elasticity of wage increases to prices amounts to about one third when keeping the marginal product of labor constant. Our results are in line with previous studies of earlier time periods and confirm an important causal relationship between wages and prices.
- Sprache
-
Englisch
- Erschienen in
-
Series: Danmarks Nationalbank Working Papers ; No. 166
- Klassifikation
-
Wirtschaft
Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
Monetary Policy
Production, Pricing, and Market Structure; Size Distribution of Firms
- Thema
-
Wage pass-through
Phillips curve
Producer prices
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hviid, Simon Juul
Renkin, Tobias
- Ereignis
-
Veröffentlichung
- (wer)
-
Danmarks Nationalbank
- (wo)
-
Copenhagen
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hviid, Simon Juul
- Renkin, Tobias
- Danmarks Nationalbank
Entstanden
- 2020
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