EconStor >
Westfälische Wilhelms-Universität Münster (WWU) >
Centrum für angewandte Wirtschaftsforschung Münster (CAWM), Universität Münster  >
Beiträge zur angewandten Wirtschaftsforschung, CAWM, Universität Münster  >

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

Full metadata record

DC FieldValueLanguage
dc.contributor.authorBehr, Andreasen_US
dc.contributor.authorPötter, Ulrichen_US
dc.description.abstractWe suggest a new parametric approach to estimate the extent of downward nominal wage rigidity in ten European countries between 1994 and 2001. The data base used throughout is the User Data Base (UDB) of the European Community Household Panel (ECHP). The proposed approach is based on the very flexible generalized hyperbolic distribution which allows to model wage change distributions characterized by thick tales, skewness and leptokurtosis. Significant downward nominal wage rigidity is found in all countries under analysis, but the extent varies considerably across countries. Yearly estimates reveal increasing rigidity in Italy, Greece and Portugal, while rigidity is declining in Denmark and Belgium. The results imply that the costs of price stability differ substantially across Europe.en_US
dc.publisherCentrum für angewandte Wirtschaftsforschung der Univ. Münster Münsteren_US
dc.relation.ispartofseriesBeiträge zur angewandten Wirtschaftsforschung 14en_US
dc.titleDownward wage rigidity in Europe: A new flexible parametric approach and empirical resultsen_US
dc.typeWorking Paperen_US
Appears in Collections:Beiträge zur angewandten Wirtschaftsforschung, CAWM, Universität Münster

Files in This Item:
File Description SizeFormat
671430211.pdf203.96 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.