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dc.contributor.authorHolden, Steinaren_US
dc.contributor.authorWulfsberg, Fredriken_US
dc.date.accessioned2012-09-20T13:18:32Z-
dc.date.available2012-09-20T13:18:32Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/63227-
dc.description.abstractThis paper explores the existence of downward nominal wage rigidity (DNWR) in 19 OECD countries, over the period 1973–1999, using data for hourly nominal wages at industry level. Based on a novel nonparametric statistical method, which allows for country and year specific variation in both the median and the dispersion of industry wage changes, we reject the hypothesis of no DNWR. The fraction of wage cuts prevented due to DNWR has fallen over time, from 70 percent in the 1970s to 11 percent in the late 1990s, but the number of industries affected by DNWR has increased. DNWR is more prevalent when inflation is high,unemployment is low, union density is high and employment protection legislation is strict.en_US
dc.language.isoengen_US
dc.publisherDep. of Economics, Univ. of Oslo Osloen_US
dc.relation.ispartofseriesMemorandum, Department of Economics, University of Oslo 2005,10en_US
dc.subject.jelC14en_US
dc.subject.jelC15en_US
dc.subject.jelE31en_US
dc.subject.ddc330en_US
dc.subject.keywordDownward nominal wage rigidityen_US
dc.subject.keywordOECDen_US
dc.subject.keywordemployment protection legislationen_US
dc.subject.keywordwage settingen_US
dc.subject.stwLohnrigiditäten_US
dc.subject.stwArbeitsmarktflexibilisierungen_US
dc.subject.stwSchätzungen_US
dc.subject.stwOECD-Staatenen_US
dc.titleDownward nominal wage rigidity in the OECDen_US
dc.typeWorking Paperen_US
dc.identifier.ppn484668560en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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