How Wages Change: Micro Evidence from the International Wage Flexibility Project
How Wages Change: Micro Evidence from the International Wage Flexibility Project
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工资如何变化:国际工资灵活性项目的微观证据
DOI:
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发表时间:
2006
期刊:
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通讯作者:
Melanie E. Ward
中科院分区:
文献类型:
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作者:
William T. Dickens;Lorenz Goette;E. Groshen;Steinar Holden;Julián Messina;Mark Schweitzer;J. Turunen;Melanie E. Ward
How do the complex institutions involved in wage setting affect wage changes? The International Wage Flexibility Project provides new microeconomic evidence on how wages change for continuing workers. We analyze individuals’ earnings in 31 different data sets from sixteen countries, from which we obtain a total of 360 wage change distributions. We find a remarkable amount of variation in wage changes across workers. Wage changes have a notably non-normal distribution; they are tightly clustered around the median and also have many extreme values. Furthermore, nearly all countries show asymmetry in their wage distributions below the median. Indeed, we find evidence of both downward nominal and real wage rigidities. We also find that the extent of both these rigidities varies substantially across countries. Our results suggest that variations in the extent of union presence in wage bargaining play a role in explaining differing degrees of rigidities among countries.