How Prevalent is Downward Rigidity in Nominal Wages? International Evidence from Payroll Records and Pay Slips
How Prevalent is Downward Rigidity in Nominal Wages? International Evidence from Payroll Records and Pay Slips
复制标题
名义工资的向下刚性有多普遍？
DOI：
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发表时间：
2018
影响因子：
8.4
通讯作者：
Gary Solon
中科院分区：
文献类型：
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作者：
Michael W. L. Elsby;Gary Solon
80多年来，许多宏观经济分析都建立在工人名义工资率不能降低的假设之上。家庭调查的相反证据被合理地低估了，理由是对频繁减薪的衡量可能是报告错误的人为因素。本文总结了最近一波基于工资记录和工资单中更准确的工资数据的研究。总的来说，这些研究表明，除了在极端情况下（名义工资削减要么是法律禁止的，要么是由于非常高的通货膨胀而变得无关紧要），名义工资从一年到下一年的削减似乎相当普遍，通常在低通货膨胀时期影响到15%-25%的工作人员。
For more than 80 years, many macroeconomic analyses have been premised on the assumption that workers’ nominal wage rates cannot be cut. Contrary evidence from household surveys reasonably has been discounted on the grounds that the measurement of frequent wage cuts might be an artifact of reporting error. This article summarizes a more recent wave of studies based on more accurate wage data from payroll records and pay slips. By and large, these studies indicate that, except in extreme circumstances (when nominal wage cuts are either legally prohibited or rendered beside the point by very high inflation), nominal wage cuts from one year to the next appear quite common, typically affecting 15–25 percent of job stayers in periods of low inflation.