Downward Nominal Wage Rigidity in the OECD
Downward Nominal Wage Rigidity in the OECD
复制标题
经合组织名义工资刚性下降
DOI：
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发表时间：
2007
期刊：
影响因子：
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通讯作者：
Fredrik Wulfsberg
中科院分区：
文献类型：
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作者：
Steinar Holden;Fredrik Wulfsberg
最近的微观经济研究证明，在许多经合组织国家，留职者的名义工资刚性(DNWR)普遍下降，但批评人士认为，这种影响可能会被新进入者的组成变化和工资灵活性所抵消。利用行业水平的每小时名义工资数据，我们考察了1973年至1999年期间19个经合组织国家行业工资的DNWR的存在。我们提出了一种检测DNWR的新方法。我们拒绝在总体样本中没有DNWR的假设。随着时间的推移，由于DNWR而阻止的减薪比例已经下降，从20世纪70年代的61%下降到90年代末的16%，但受DNWR影响的行业数量有所增加。当失业率低，工会密度高时，DNWR更普遍。严格的就业保护立法也减少了减薪。
Recent microeconomic studies have documented extensive downward nominal wage rigidity (DNWR) for job stayers in many OECD countries, but critics argue that the effect might be undone by compositional changes and flexibility in wages of new entrants. Using data for hourly nominal wages at industry level, we explore the existence of DNWR on industry wages in 19 OECD countries, over the period 1973-1999. We propose a novel method to detect DNWR. We reject the hypothesis of no DNWR in the overall sample. The fraction of wage cuts prevented due to DNWR has fallen over time, from 61 percent in the 1970s to 16 percent in the late 1990s, but the number of industries affected by DNWR has increased. DNWR is more prevalent when unemployment is low and union density is high. Strict employment protection legislation also leads to fewer wage cuts.