Nominal wage rigidity prior to compulsory arbitration: evidence from the Victorian Railways, 1902–1921

نویسندگان
چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Downward Nominal-Wage Rigidity: Micro Evidence from Tobit Models

This paper uses Tobit models and data for union contracts to examine the extent of downward nominal-wage rigidity in Canada. To be consistent with important stylized facts, the models allow the variance of the notional wage-change distribution to be time-varying and test for menu-cost effects. The empirical results confirm the importance of using a general specification with a timechanging vari...

متن کامل

Nominal Wage Rigidity in the United Kingdom

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...

متن کامل

The Impact of Downward Nominal Wage Rigidity on the Unemployment Rate: Quantitative Evidence from Japan

We would like to thank Professors George A. Akerlof (University of California, Berkeley), Souichi Ohta (Nagoya University), Terukazu Suruga (Osaka Prefecture University), Janet L. Yellen (University of California, Berkeley), and Kazuhiro Yuuki (Kyoto University), and participants of the seminars at the Kansai Institute for Social and Economic Research, Keio University, the CIRJE/TCER Macro Conf...

متن کامل

Nominal Wage Rigidity as a Nash Equilibrium

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 کامل

The Employment Costs of Downward Nominal-Wage Rigidity

Résumé . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . v

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Cliometrica

سال: 2010

ISSN: 1863-2505,1863-2513

DOI: 10.1007/s11698-010-0050-3