ASYMMETRIC WAGE CHANGES AND DOWNWARD NOMINAL WAGE RIGIDITY

ASYMMETRIC WAGE CHANGES AND DOWNWARD NOMINAL WAGE RIGIDITY
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工资变化不对称和名义工资刚性下降

DOI:
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发表时间:
2000
期刊:
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影响因子:
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通讯作者:
Kenneth J. McLaughlin
Kenneth J. McLaughlin
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文献类型:
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作者:
Kenneth J. McLaughlin

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本文包含对面板数据中工资变化分布的偏度组成部分的估计。有多少偏度可归因于名义工资刚性下降(这对于货币政策而言非常重要),又有多少偏度可归因于其他因素(例如实际工资刚性下降、混合偏差和选择偏差)?主题是,名义工资刚性下降的原因不仅仅是工资变化的偏度。
This paper contains estimates of the components of skewness in the distribution of wage changes in panel data. How much of the skewness is attributable to downward nominal wage rigidity—a question of great importance for monetary policy—and how much is attributable to other factors (e.g., downward real wage rigidity, mixing bias, and selection bias)? The theme is that there is more to downward nominal wage rigidity than skewness of wage changes.