Non-base wage components as a source of wage adaptability to shocks: evidence from European firms, 2010-2013

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Personen und Körperschaften:	Babeckij, Jan (VerfasserIn), Berson, Clémence (VerfasserIn), Fadejeva, Ludmila (VerfasserIn), Lamo, Ana (VerfasserIn), Marotzke, Petra (VerfasserIn), Martins, Fernando (VerfasserIn), Strzelecki, Paweł (VerfasserIn)
Titel:	Non-base wage components as a source of wage adaptability to shocks: evidence from European firms, 2010-2013/ Jan Babecký, Clémence Berson, Ludmila Fadejeva, Ana Lamo, Petra Marotzke, Fernando Martins, Paweł Strzelecki
Format:	E-Book
Sprache:	Englisch
veröffentlicht:	Frankfurt am Main, Germany European Central Bank [2018]
Gesamtaufnahme:	Europäische Zentralbank: Working paper series ; no 2158 (June 2018)
Schlagwörter:	2010-2013 Lohnrigidität Leistungsentgelt Arbeitskosten Schock EU-Staaten
Quelle:	Verbunddaten SWB Lizenzfreie Online-Ressourcen

Details
Zusammenfassung:	This paper provides evidence on the role of non-base wage components as a channel for firms to adjust labour costs in the event of adverse shocks. It uses data from a firm-level survey for 25 European countries that covers the period 2010-2013. We find that firms subject to nominal wage rigidities, which prevent them from adjusting base wages, are more likely to cut non-base wage components in order to adjust labour costs when needed. Firms thus use non-base wage components as a buffer to overcome base wage rigidity. We further show that while non-base wage components exhibit some degree of downward rigidity, they do so to a lesser extent than base wages.
Umfang:	1 Online-Ressource (circa 33 Seiten); Illustrationen
ISBN:	9789289932639 9289932635
DOI:	10.2866/077482