Downward Nominal Wage Rigidity: Evidence from the Employment Cost Index
Downward Nominal Wage Rigidity: Evidence from the Employment Cost Index
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名义工资刚性下降：来自就业成本指数的证据
DOI：
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发表时间：
1999
期刊：
影响因子：
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通讯作者：
B. Wilson
中科院分区：
文献类型：
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作者：
David E. Lebow;Raven E. Saks;B. Wilson
我们使用BLSS雇佣成本指数背后的微观数据来检验名义工资刚性下降的程度。与以前使用的数据集相比，此数据集具有两个显著的优势。这是一个广泛的、具有全国代表性的数据集，以机构记录为基础，因此不存在困扰早先工作的大部分报告错误。更重要的是，这些数据在包含有关福利成本的详细信息方面是独一无二的，这使得人们能够首先看到总薪酬(即工资加福利)的刚性。总体而言，我们发现，与使用针对个人的面板数据进行的研究相比，有明显更强的证据表明名义工资刚性在下降。尽管总薪酬似乎比工资和薪金本身更具灵活性，但我们仍然发现薪酬有相当大的刚性。此外，薪酬的更大灵活性似乎并没有反映出公司故意利用福利来规避工资和薪金僵化的企图。
We examine the extent of downward nominal wage rigidity using the microdata underlying the BLSs employment cost index. This dataset has two significant advantages over those used previously. It is an extensive, nationally representative dataset based on establishment records and is thus free from much of the reporting error that has plagued earlier work. Even more important, the data are unique in containing detailed information on benefit costs, allowing a first look at the rigidity of total compensation (that is, wages plus benefits). In general, we find significantly stronger evidence of downward nominal wage rigidity than did studies using panel data on individuals. Although total compensation appears somewhat more flexible than wages and salaries alone, we still find a significant amount of rigidity for compensation. Furthermore, the greater flexibility of compensation does not seem to reflect the deliberate attempt by firms to use benefits to circumvent wage and salary rigidity.