Eintrag weiter verarbeiten
Asymmetric wage adjustment and employment in European firms
Gespeichert in:
| Personen und Körperschaften: | , , , , |
|---|---|
| Titel: | Asymmetric wage adjustment and employment in European firms/ Petra Marotzke, Robert Anderton, Ana Bairrao, Clémence Berson, Peter Tóth |
| Format: | E-Book |
| Sprache: | Englisch |
| veröffentlicht: |
Frankfurt am Main, Germany
European Central Bank
[2017]
|
| Gesamtaufnahme: |
Europäische Zentralbank: Working paper series ; no 2103 (October 2017)
|
| Schlagwörter: | |
| Quelle: | Verbunddaten SWB Lizenzfreie Online-Ressourcen |
| Zusammenfassung: | We explore the impact of wage adjustment on employment with a focus on the role of downward nominal wage rigidities. We use a harmonised survey dataset, which covers 25 European countries in the period 2010-2013. These data are particularly useful for this paper given the firm-level information on the change in economic conditions and collective pay agreements. Our findings confirm the presence of wage rigidities in Europe: first, collective pay agreements reduce the probability of downward wage adjustment; second, the rise in the probability of downward base wage responses following a decrease in demand is significantly smaller than the rise in the probability of an upward wage response associated with an increase in demand. Estimation results point to a negative effect of downward wage rigidities on employment at the firm level. |
|---|---|
| Umfang: | 1 Online-Ressource (circa 27 Seiten) |
| ISBN: |
9789289928250
9289928255 |
| DOI: | 10.2866/18548 |