Nominal and real wage rigidity: Does nationality matter?
نویسندگان
چکیده
منابع مشابه
Nominal and real wage rigidity: Does nationality matter?
We assess the differences in downward nominal and real wage rigidity between natives and immigrants in Portugal, using a matched employer-employee database and the International Wage Flexibility Project (IWFP) methodology. This methodology estimates a notional or counterfactual distribution that would prevail under wage flexibility and compares it to the empirical wage distribution. The estimat...
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This paper studies the degree of downward rigidity in nominal wages in the United Kingdom using micro-data. Around 9% of employees who remain in the same job from one year to the next have zero pay growth. But on investigating the causes of rigidity we ®nd that up to ninetenths can be attributed to `symmetric' causes (such as contracts and menu costs) or to error. Thus only 1% of workers have p...
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I would like to thank the FCAR and the SSHRC for generous financial support, and André Kurmann, Louis Phaneuf, and seminar participants at the Université du Québec à Montréal for helpful discussions. The usual caveats apply. Abstract : Models of the microfoundations of nominal price rigidities show that in the absence of real rigidities, individual firms have strong incentives to adjust prices ...
متن کاملDoes Nationality of Ownership Matter
Do multinational firms exhibit different patterns of labor demand from purely domestic firms? Many standard models of trade and multinational companies suggest such differences. We examine this question using a plant-level panel covering U.K. manufacturing from 1973 through 1992, where we can distinguish U.K.-headquartered multinationals, foreign-owned multinationals, and domestic U.K. firms. A...
متن کاملPay Growth, Fairness and Job Satisfaction: Implications for Nominal and Real Wage Rigidity
Theories of wage rigidity often rely on a positive relationship between pay changes and utility, arising from concern for fairness or gift exchange. Supportive evidence has emerged from laboratory experiments, but the link has not yet been established with field data. This paper contributes a first step, using representative British data. Workers care about the level and the growth of earnings....
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ژورنال
عنوان ژورنال: IZA Journal of European Labor Studies
سال: 2014
ISSN: 2193-9012
DOI: 10.1186/2193-9012-3-13