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Erscheinungsjahr: 
2005
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 1492
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
This paper substantially extends the limited available evidence on existence and extent of downward nominal wage rigidity in the European Union and the Euro Area. For this purpose we develop an econometric multi-country model based on Kahn?s (1997) histogram-location approach and apply it to employee micro data from the European Community Household Panel (ECHP) for twelve of the EU?s current member states. Our estimates for the degree of downward nominal wage rigidity on the national as well as the EU-wide level point to marked downward nominal wage rigidity within the European Union.
Schlagwörter: 
downward nominal wage rigidity
wage stickiness
European Community Household Panel
ECHP
histogram-location approach
European Union
JEL: 
E24
J30
Dokumentart: 
Working Paper

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