How Rigid are Nominal Wages? Evidence and Implications for Germany
How Rigid are Nominal Wages? Evidence and Implications for Germany
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名义工资有多严格？
DOI：
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发表时间：
2001
期刊：
影响因子：
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通讯作者：
T. Beissinger
中科院分区：
文献类型：
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作者：
Christoph Knoppik;T. Beissinger
近年来，许多试图从微观数据中寻找名义工资刚性下降的证据的尝试都遇到了诸如成分偏差和测量误差影响等问题。在本文中，一个模型的比例向下名义工资刚性的开发，避免了这些问题，考虑到工资变化的决定因素和测量过程，导致可观察到的收入变化。我们在德国的微观数据中发现了高度的向下名义工资刚性。它对个人预期工资增长、总工资水平和均衡失业率的真实的影响在通货膨胀率低于3%时具有显著的效果。
Many recent attempts to find evidence on downward nominal wage rigidity in micro data have suffered from problems such as composition bias and the effects of measurement error. In this paper, a model of proportional downward nominal wage rigidity is developed which avoids these problems by taking into account the determinants of wage changes and the measurement process that leads to observable earnings changes. We find a high degree of downward nominal wage rigidity in German micro data. Its real implications for individual expected wage growth, the aggregate wage level and equilibrium unemployment have marked effects for rates of inflation lower than 3 percent.