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dc.contributor.authorHolden, Steinaren_US
dc.contributor.authorWulfsberg, Fredriken_US
dc.date.accessioned2010-02-25en_US
dc.date.accessioned2011-07-01T08:43:50Z-
dc.date.available2011-07-01T08:43:50Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/47350-
dc.description.abstractA number of recent studies have documented extensive downward nominal wage rigidity (dnwr) for job stayers in many oecd countries. However, dnwr for individual workers may induce downward rigidity or 'a floor' for the aggregate wage growth at positive or negative levels. Aggregate wage growth may be below zero because of compositional effects, for example that old, high-wage workers are replaced by young low-wage workers. dnwr may also lead to a positive growth in aggregate wages because of changes in relative wages. We explore industry data for 19 oecd countries, over the period 1971-2006. We find evidence for floors on nominal wage growth at 6 percent and lower in the 1970s and 1980s, at one percent in the 1990s, and at 0.5 percent in the 2000s. Furthermore, we find that dnwr is stronger in country-years with strict employment protection legislation, high union density, centralised wage setting and high inflation.en_US
dc.language.isoengen_US
dc.publisherDep. of Economics, Univ. of Oslo Osloen_US
dc.relation.ispartofseriesMemorandum // Department of Economics, University of Oslo 2009,03en_US
dc.subject.jelJ3en_US
dc.subject.jelJ5en_US
dc.subject.jelC14en_US
dc.subject.jelC15en_US
dc.subject.jelE31en_US
dc.subject.ddc330en_US
dc.subject.keywordWage inflationen_US
dc.subject.keyworddownward nominal wage rigidityen_US
dc.subject.keywordOECDen_US
dc.subject.keywordwage settingen_US
dc.subject.stwLohnrigidit├Ąten_US
dc.subject.stwLohnbildungen_US
dc.subject.stwOECD-Staatenen_US
dc.titleWage rigidity, institutions, and inflationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn591448351en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Memorandum, Department of Economics, University of Oslo

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