Nominal Wage Rigidity in the EU Countries Before and after the Great Recession: Evidence from the WDN Surveys
Nominal Wage Rigidity in the EU Countries Before and after the Great Recession: Evidence from the WDN Surveys
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大衰退前后欧盟国家的名义工资刚性：来自 WDN 调查的证据
DOI：
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发表时间：
2018
期刊：
影响因子：
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通讯作者：
Tairi Rõõm
中科院分区：
文献类型：
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作者：
Eva Branten;Ana E. Lamo;Tairi Rõõm
本文利用调查数据研究了一大批欧盟国家名义工资刚性的近期趋势。我们分析了两种形式的名义工资刚性：向下名义工资刚性（DNWR）和工资对冲击的滞后反应。作为衡量工资设定滞后的一个指标，工资变动的频率在大衰退之后有所放缓。我们评估了可能的原因，并表明这至少部分是由平均工资增长下降和持续的DNWR共同造成的。在大衰退后工资增长放缓的国家，工资变化的频率也下降得更厉害。我们的数据可以评估DNWR在不同经济环境下的流行程度。就像之前对这一主题的研究一样，我们发现，即使在经济增长缓慢和工资通胀低的时期，DNWR也往往非常普遍。DNWR在严重衰退期间下降，但即使如此，工资设定也不会变得完全灵活，因为观察到的工资削减比例仍低于与灵活制度相对应的水平。JEL分类：B41， D22
This paper studies the recent trends in nominal wage rigidity in a large group of EU countries, using survey data. We analyse two forms of nominal wage rigidity: downward nominal wage rigidity (DNWR) and the lagged response of wages to shocks. The frequency of wage changes, which is an indicator of lagged wage setting, slowed down in the aftermath of the Great Recession. We assess the possible reasons for this and show that it was at least partially caused by a combination of a decline in average wage growth and persistent DNWR. In countries where wage growth slowed down more after the Great Recession, the frequency of wage changes declined more steeply as well. Our data allows evaluating the prevalence of DNWR in diverse economic circumstances. Like earlier research on this topic, we find that DNWR tends to be strongly prevalent, even in periods of slow economic growth and low wage inflation. DNWR declines during severe recessions but even then wage setting does not become completely flexible as the proportion of observed wage cuts is still below the level that would correspond to a flexible regime. JEL Classification: B41, D22
德国工资刚性的原因
DOI：
10.1111/j.1467-9914.2006.00345.x
发表时间：
2006
期刊：
Labor: Public Policy & Regulation eJournal
影响因子：
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作者：
Wolfgang;Pfeiffer;Friedhelm
通讯作者：
Friedhelm