EconStor >
Universität Hohenheim >
Forschungszentrum Innovation und Dienstleistung (FZID), Universität Hohenheim >
FZID Discussion Papers, Universität Hohenheim >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/44971
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorStüber, Heikoen_US
dc.contributor.authorBeissinger, Thomasen_US
dc.date.accessioned2011-01-12en_US
dc.date.accessioned2011-04-15T09:47:16Z-
dc.date.available2011-04-15T09:47:16Z-
dc.date.issued2010en_US
dc.identifier.piurn:nbn:de:bsz:100-opus-5144en_US
dc.identifier.urihttp://hdl.handle.net/10419/44971-
dc.description.abstractFocusing on the compression of wage cuts, many empirical studies find a high degree of downward nominal wage rigidity (DNWR). However, the resulting macroeconomic effects seem to be surprisingly weak. This contradiction can be explained within an intertemporal framework in which DNWR not only prevents nominal wage cuts but also induces firms to compress wage increases. We analyze whether a compression of wage increases occurs when DNWR is binding by applying Unconditional Quantile Regression and Seemingly Unrelated Regression to a data set comprising more than 169 million wage changes. We find evidence for a compression of wage increases and only very small effects of DNWR on average real wage growth. The results indicate that DNWR does not provide a strong argument against low inflation targets.en_US
dc.language.isoengen_US
dc.publisherUniv. Hohenheim, Forschungszentrum Innovation und Dienstleistung Stuttgarten_US
dc.relation.ispartofseriesFZID discussion papers 22-2010en_US
dc.subject.jelE24en_US
dc.subject.jelE31en_US
dc.subject.jelJ31en_US
dc.subject.ddc330en_US
dc.subject.keywordDownward Nominal Wage Rigidityen_US
dc.subject.keywordWage Stickinessen_US
dc.subject.keywordWage Compressionen_US
dc.subject.keywordUnconditional Quantile Regressionen_US
dc.subject.stwLohnpolitiken_US
dc.subject.stwReallohnen_US
dc.subject.stwLohntheorieen_US
dc.subject.stwRegressionen_US
dc.subject.stwQualitatives Verfahrenen_US
dc.subject.stwGeldpolitisches Zielen_US
dc.titleDoes downward nominal wage rigidity dampen wage increases?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn643789618en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:fziddp:222010-
Appears in Collections:FZID Discussion Papers, Universität Hohenheim

Files in This Item:
File Description SizeFormat
643789618.pdf597.77 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.